Insights from The Lab

Where Your Productivity Problem Is Hiding

This article from The Lab was featured by Industry Week.

The farther we get from the production line, the less adept we are at managing productivity.

Want to find a treasure trove of Virtuous Waste improvements in your business? Search beyond historically industrialized areas. Industrialization receives generous management attention when it involves the direct activities of production. Look at worker activities that are about production, that are one step removed from the line. Scrutinize them every bit as scrupulously….

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The Henry Ford School of Bank Digitization

This article from The Lab was featured by BAI Banking Strategies.

Ask banking executives about their top priorities and you are likely to hear that they are pursuing “digitization.” But it’s not immediately clear what this term means. How is it different from automation? The easiest way to grasp the contrast is to think of how digitization has transformed music purchases, travel booking, grocery shopping and taxi services. Banking is moving in the same direction, but conventional banks aren’t leading the charge…

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How New Technology Has the Potential to Expose Corporate Secrets

This article from The Lab was featured by Fast Company.

Until 1933, much of the information in today’s financial statements was only available to insiders. It took an act of Congress that year to compel businesses to disclose their sales, assets, inventories, and profits. More than 80 years later, most executives probably believe they know more about their company than outsiders.

But if that’s the case, it won’t be for much longer…

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Cognitive Business Value ®

Anyone who’s ever worked in an office has been frustrated by the illogical activities and errors that occur over and over. Orders come in with missing data. Numbers have to be reconciled repeatedly. A company can keep track of 100,000 parts on its assembly line without a single error, but can’t seem to manage the chart of accounts in finance.

Employees mutter, shake their heads and chalk it up to the cost of doing business…

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Improvements from Start-to-Finish

Since opening its doors in 1993, The Lab has helped some of the best companies in the world become even better.