A blockchain is a decentralized, scattered, and public digital ledger or database. Which includes records called blocks that are used to record transactions across a network of computers. Once a record has been added to the chain it cannot be reversed
Browsing: Transformation
The term “digital transformation” can be defined as adopting the digital technology for the transformation of services for businesses, by either replacing the non-digital or manual processes with digital processes or replacing the old technology with the latest one. Here is the list of 10 steps for successful digital transformation strategy are:
10 Ways to Become a Good Servant Leader in VUCA World
Actively Listen
Be Empathetic
Be Self-Aware
10 Ways to Become a Good Transformational Leader in VUCA World
1- Explore–
2- Gain Awareness-
3- Know the External Changes–
1. Begin with a Strong Data Foundation:
2. Give Operations Executives a Bigger Role While Setting Strategies:
3. Take the Initial Steps:
4. Use Advanced Analytics:
10 Rules to Become A Lean Transformation Leader
1. Visioning-
2. Prepare for modification-
3. Flexibility and adaptability-
4. Bias for action and decision-
According to the definitive text, Total Quality Management TQM: A User’s Guide for Implementation, the Total Quality Management TQM concept could be a management technique supporting the concept that each one of “employees unceasingly improves their ability to produce on-demand merchandise and services that customers can realize of explicit price.”
Just in Time JIT may be a philosophy that proposes to attain the most with minimum inputs. This may be achieved as long as all the parties concerned within the entire system chain are going to be committed to attain this and work cohesively with great deal of coordination.
The first three steps to x matrix hoshin kanri are :
Establish Organizational Vision.
Develop Breakthrough Objectives.
Generate Annual Objectives.
A digital transformation strategy is more necessary than ever before.
1. Lack of Responsibility
2. Expecting the Competition
3. Specializing in ‘What’ rather than ‘Why’