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What would you prefer for cost cutting, Offshoring or Process Improvement? (A PI Q&A)
Network Member Question It is quite common to jump on the bandwagon of offshoring to cut costs. Some are questioning the productivity of this approach. What do you think should be given more preference and how would you drive the implementation? Dr. Ravi Pandey Executive Coach, Management Consultant (Lean/DMAIC/DFSS, and Business, Product & Operations, Healthcare Transformation) Orlando, Florida

Other practice initiatives Related Articles

The Greening of Procurement (Part 1)
In my extensive travels to exotic locales (alright Calgary may not be exotic but it is certainly a great place to visit), purchasing professionals who have attended one of my conferences have rarely if ever broached the subject of environmentally friendly (re green) procurement practice. Burdened by the more pressing challenges associated with unnecessarily complex initiatives that are behind schedule and over budget, one can certainly understand the reasons for the paucity of inquiries.

Project Failure
Recently I read some disturbing information regarding major corporate initiatives. According to a survey by the Utah-based VitalSmarts: • 82% of employees within companies with significant organization-wide initiatives underway believe those project will fail. • 78% are currently working on a “doomed” project. • 90% knew early on the project would likely fall short of the objectives • 77% describe these projects as “slow motion train wrecks” • 81% believe it is impossible to approach the failing project’s key decision-maker

Making Lean Part of the Business Strategy
With the best of intentions, many companies fail to secure the desired results for lean manufacturing initiatives. Why? Because the lean initiatives are not part of the overall business strategy.
Increase Sales - Six Steps to Improve Selling Listening Skills
With practice and conscious resolve, a salesperson can acquire the mental agility to become a better listener by mastering these six "mental listening exercises": Vince Lombardi once said, "It's not practice makes perfect, its PERFECT practice makes perfect. The buyer will tell you what they want to buy, but you have to listen very carefully to find out.
Return on Investment from Coaching – Measuring Success!
Aligning HR strategy with business strategy is critical, however it is insufficient to make this strategic linkage at concept level and then embark on HR initiatives without a conscious intention to measure the return on investment (ROI) of these initiatives

Practice, Practice, Practice then Play
In the sporting world it is expected that athletes make the time to practice, practice, practice and then go and compete or play the game. Through regular practice they hone their skills, behaviours and attitudes to ensure they are ‘match fit’ and ready to compete at the highest standards. A sports team needs to make sure that when they are in the thick of the game they can draw upon those skill drills and practice sessions to perform well as a team and perform well under pressure. When an individual athlete is neck and neck with a competitor racing for the finish line they need to know how to dig deep and draw upon their experiences, skills, and mental and physical reserves to cross the finish line first. This cannot happen without lots of conscious, purposeful practice.
Prioritize your Strategic Initiatives
Strategic planning is a great way to identify which initiatives can add the most value to your organization. The next step is to prioritize initiatives with a systematic method. Use our downloadable Priority Index Tool to guide you through the prioritization process, and help you drill down on the value added for each proposed initiative.
10 Mistakes Lawyers Make When Growing Their Practices
Since law schools don’t teach lawyers how to build a practice, many lawyers have built their practices by learning the basics on their own. Often however their practice reaches a plateau and they are not able to grow their revenue. The following is a list of common mistakes these lawyers make. Even one of these mistakes will interfere with the success and growth of a practice.
Relaxation – a key to good functioning
Give yourself time out every day. Learn the art of relaxation and start reaping the benefits in only three weeks of regular practice. Daily practice calms the nerves, and you’ll soon find you are able to cope much better when faced with stressful situations. This article describes the benefits of learning how to relax and how you can extend the practice to achieve inner peace and more.
Gain Wealth Through Happiness
There are two types of people: the Victim, and the Entrepreneur. Many Entrepreneurs own their own businesses; some don't, but instead practice their entrepreneurial initiatives in the employ of others. It's not business ownership that distinguishes the two types: it's a mindset of abundance. Entrepreneurs keep their optimism and joy even when business is "down." Victims are never happy, and more money won't change that....
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