Category: Operations
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The Pareto Principle: Unleash The Power Of The 80/20 Rule
Key Takeaways Introduction to the Pareto Principle Have you ever noticed how a small fraction of your efforts seems to produce the most significant results? This isn’t a coincidence; it’s a well-documented phenomenon known as the Pareto Principle, or the 80/20 rule. This principle is named after Italian economist Vilfredo Pareto, who observed that 80%…
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5 Expert Tactics to Master Business Negotiation
Discover the 5 key business negotiation tactics every business owner and CEO should know to drive success and foster long-term relationships.
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Lies, Damned Lies, and Statistics
Statistics have immense power to enlighten or deceive. Misleading numbers can distort realities and influence decisions. Understanding averages and questioning data sources is crucial. Remember, correlation doesn’t imply causation. Always be skeptical of how numbers are used in narratives. Dive into the world of statistics and stay informed…
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The Power of Strong Business Leadership
Key Takeaways Strong leadership directly impacts company culture, boosting morale and productivity. Effective leaders inspire innovation and drive business growth. Core leadership qualities include visionary thinking, effective communication, and emotional intelligence. Weak leadership can lead to decreased morale and hindered productivity. Continuous learning and mentorship are essential for developing leadership skills. “That’s what leadership is:…
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Overcoming Business Growth Challenges: Fixing Broken Systems
Key Takeaways Rapid business growth can lead to operational chaos if systems aren’t upgraded. Identifying bottlenecks is crucial for smooth scaling; common areas include workflow, supply chain, and customer service. Outdated technology can impact growth and needs to be replaced with the right software and automation tools. Leadership restructuring is essential to support sustainable scaling,…
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12 Simple Steps To Make Your Business Work for You
12 Simple Steps To Make Your Business Work for You
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Quality and Value
Quality and Value “And what is good, Phaedrus, and what is not good – need we ask anyone to tell us these things?” Robert M. Pirsig, Zen and the Art of Motorcycle Maintenance, 1974 Quality and value, like beauty, are in the eye of the beholder. Armand Feigenbaum in Total Quality Control (1961) defines quality…
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The Power of Statistical Sampling and Quantitative Analysis In Clinical Coding Audit
Introducing statistical sampling and quantitative analysis to the audit of clinical coding In October 2019, I presented a research paper on the introduction of statistical sampling and quantitative analysis to the audit of clinical coding to a group of 200 Health Information Managers at the 2019 HIMAA/NCCH National Conference held in Paramatta, NSW, Australia. HIMAA…
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Making Quality Work For You
Making Quality Work For You In October 2019, I presented a workshop on applying Lean Six Sigma in Hospitals to a group of 25 Health Information Managers at the 2019 HIMAA/NCCH National Conference held in Paramatta, NSW, Australia. HIMAA is the Health Information Management Association of Australia while NCCH is the National Centre for Classification…