Biz Byte short - Five ways TIMWOOD identifies where your organisation wastes time, money, and talent.

Biz Byte short - Five ways TIMWOOD identifies where your organisation wastes time, money, and talent.

As outlined in our previous episode, productivity is one of three key levers in generating business success so it’s vital we take it seriously.

One of the driving factors of sub-par productivity is waste. Waste can be found in both doing or spending too much – inefficiencies and duplication; or not doing enough – untapped or underutilised potential.

• TIMWOOD Model: A productivity model identifying waste in organizations, crucial for business success.
• Five Key Areas: Combines TIMWOOD and DOWNTIME into five areas to evaluate performance and identify improvements.
• High-Level Questions: Provides questions to assess transport, inventory, defects, skills, and overprocessing in your organization.
• Unique Solutions: Emphasizes that solutions are specific to each organization, with future blogs to discuss examples.

Biz Bytes short - Fire on all three cylinders

Optimise Costs, Revenue, and Efficiency to drive positive change that sticks.

In today's episode we focusing on three key areas.

First, the core business levers: managing costs, growing revenue, and improving efficiency.

Second, digital transformation: it’s not just about new tech, but how it can reduce costs, increase revenue, and boost efficiency.

Lastly, strategic considerations for tech projects: we’ll look at metrics, motives, and mindset.

Let’s get started!

Digital Transformation - The top 10 risks every business needs to be aware of

Digital transformation can open many doors – giving you an exciting pathway towards innovation, growth, customer and staff fulfilment, and that sought-after competitive edge. But like most things in business and life, risks lurk in the background.

Don’t let this put you off continuing to develop and adapt though – when you have a robust digital roadmap in place you mitigate the potential risks before jumping in.

S2.E22: How to leverage your existing data to improve your decisions

Do you find yourself in a state of decision paralysis because you feel you don't have all the data you need?

Did you consider that by the time you have all the data, it might be too late?

Especially if the data is coming from the wrong sources. 

Consider this: have you got enough data to make a decision you can live with.

In this episode, I speak with Bruno Pešec about why speed of decision making is often more important than quality and why indecision is still a decision.

About the guest

Bruno Pešec helps business leaders innovate profitably. He is the rare innovator who can claim that he's worked on a regulation-defying freight train and an award-winning board game. In addition to his corporate experience with brands like DNV, DNB, and Kongsberg Group, Bruno runs a community of entrepreneurs of several thousand members. He is currently undertaking a doctorate in organisational change, with a specific focus on the issues with innovation in large enterprises.

S2.E21: Staying Sane in a Volatile World

The last 18 months have been notable for their volatility.

Opinions have become currency, not always based on fact. 

We've seen that we're not that great at predicting the future and, as a result, are never fully prepared - that just makes things more uncertain and leads to more opinions.

How can you separate fact from opinion?

First, remember that you control your perceptions and the energy that you bring to a situation.

Then,  remember that everyone sees things differently.

Finally, ask yourself this: What are you prepared to do to prove that your opinion is wrong?

In today's episode, I chat with Marcel Daane about how to stay sane in a volatile world



About my guest
Marcel Daane is an award-winning executive coach and author of two book who operates out of Singapore. He specializes in helping professionals maximize their way of being in how they connect with themselves and others for more effective leadership and performance using a combination of Neuroscience, Mindfulness, and Somatic Awareness.

Marcel's books include HeadStrong Performance - coverhing how to improve mental performance under pressure - and Five Energies of Horrible Bosses, which is a book about how to use Energy Projection to improve connectedness with others