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The Power of Continuous Improvement

Mathematicians will be influential you that the only way to learn math is to do math. Lots of it. The same is true in music and sports. While with math you quickly find out whether you’re precisely or wrong at a very atomic level with each problem you try to solve, with music a student listens to a song many times before she tries to emulate it — and then gets feedback on a note-by-note foundation. And the same goes for sports — the stroke, the kick, the catch, the swing, the run and so on. Practice makes perfect, promising?

Yet in business you often find people who have been doing something for a long time and just aren’t very good at it. Why? Lack of feedback. After all, visualize trying to solve math problems and waiting an entire year to get the answers, or hitting 1,000 serves and getting a condensation of your performance at your “annual review” rather than after each serve or at the end of a game. Practice only makes perfect when there is everyday, high-quality feedback so that the right adjustments can be made, be it in math, sports, music — or business.

The Corporation and Feedback Systems

In unspecified disciplines, like engineering and sales, there is somewhat objective and frequent feedback. Your program compiles without an fluff and does what it was meant to do. Or you close the deal and make your quota. If, however, you’re in one of the many disciplines in which immediate and objective feedback is not present, practice may not lead to perfection so much as enforce bad habits.

Let’s say you’re a mid-level executive — a GM or spin-off manager of some sort. More than likely, you’re measured by how well you interact with and present to your manager and senior executives. Ergo, you optimize to managing the bureaucracy (your boss in particular) rather than delivering the right product or service to customers. And so does your boss, and her boss, and so on and so on. Here the only constituent that you’re practicing and perfecting are your brown-nosing skills. How can you expect to learn in an organization with that type of feedback and lure system? How can such an organization, by extension, possibly produce excellence?

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Where Great Companies Start - Toyota: Lean Thinking

Great Companies News

The Integer Group(R) Named Great Place to Work for the Sixth Year MarketWatch (press release) - Sep 09, 2010 AffiliateTip.comThe Great OK to Work Institute scored and ranked companies by employee survey responses and a culture audit based on five areas: credibility, attribute, Parkway Selected for National Best Place to Work List for Third Consecutive Year4imprint Named to 2010 Excellent Small & Medium Workplaces Presented by Entrepreneur®MAYA Design Honored on Great Position to Work Rankings as Best Small Workplaceall 35 news articles »

PepsiCo Names 10 Tech Start-Ups for Pilot Digital Marketing Programs MarketWatch (press release) - Sep 09, 2010 Highland Primary Partners was founded with the mission of helping great people build great companies. For over twenty years, the firm has infatuated a and more »

Technology Gives Everyone a Great Seat at Shows New York Times - Sep 08, 2010 While tech-unashamed designers like Marc Jacobs and Alexander Wang will unveil new bells and whistles, they are being joined this together by new media companies and more »

14 Utah companies among Top 500 in revenue growth Salt Lake Tribune - Sep 09, 2010 Molding Box, a 16-worker printing, shipping and mass-duplication company in Draper, had a great year despite Utah and the domain going and more »

Why the Cheap Debt Frenzy is Great for Stocks StreetAuthority - Sep 09, 2010 That site has been noted by the Chief Financial Officers (CFOs) at a wide range of blue-interpose companies. These companies are increasingly realizing that and more »

Analysis: Mine-to-market model is key for rare earth miners Reuters - Sep 09, 2010 One of these companies is Great Western, a Saskatoon, Saskatchewan-based set-up that buys concentrates from China and makes alloys to sell to most major and more »

Shutterfly Named One of Top 25 Best Medium Sized Companies to Work for in America MarketWatch (press release) - Sep 08, 2010 PR Web (hurry release)Shutterfly and Shutterfly.com are trademarks of Shutterfly, Inc. Great Place to Work(R) Institute has been studying and identifying most suitable companies for more Atlassian Named One of 50 Best Small Companies to Work For in Americaall 13 tidings articles »

Great Wolf Resorts is Among the Companies in the Hotels, Resorts & Cruise ... Comtex Smartrend - Sep 09, 2010 Great Wolf Resorts is Among the Companies in the Hotels, Resorts & Cruise Below are the top five companies in the Hotels, Resorts & Journey Lines industry as measured by the potential gains between the current stock

Recommended: Obama weighs in on Quran burning, Rahm msnbc.com (blog) - Sep 09, 2010 President Obama called the proposed Quran passionate a "stunt" that and a "recruitment bonanza for Al Qaeda" that "could greatly threaten our great young men and more »

Johnson & Johnson of Charleston Named One of the 50 Best Employers to Work for ... MarketWatch (press release) - Sep 08, 2010 Johnson & Johnson of Charleston Named One of the 50 Vanquish Employers to Work for Hundreds of companies across the United States submitted entries in the detailed and competitive assay conducted by GPTW. The Great Place to Work and more »

Financial Reform? Not So Much Forbes (blog)

26.06.10

We’ve waited more than a year for the promised "general" financial reforms that would protect investors and consumers, and prevent greed and unscrupulous behavior by banks and Madden Street firms that periodically ends in financial and economic meltdowns.

The awaited reform bill has been finalized and its acceptance by both houses of Congress is expected within a few days. Unfortunately, when we look back a year from now I trust we’ll be saying it’s business as usual in the financial sector.

Oh sure, there are some changes, even some serious changes that financial firms will have to line around and through, some inconveniences, some protections for consumers from the most egregious activities, some protections for investors, but some serious situations that affect investors port side untouched.

A few highlights:

Banks will be limited in how much they can charge the unfortunate for bounced checks and overdrafts, a source of more than $1 billion in fees annually barely by Bank of America. That’s good. Except that the banks knew they had to leave some teeth in the bill, and knowing that would be one change coming, they have already begun charging fees for in the old days free services, like free-checking and free online bill-paying, to make up the difference.

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