How do you alter your business processes to optimize overall performance in the market place? Anil Menawat and Adam Garfein are building a company that helps companies answer this question.
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What's the real underlying business problem? What's the best solution? Anil Menawat and Adam Garfein, cofounders of Menawat & Company, walk us through some of the example business problems they've encountered, how they have determined the underlying causes and then resolved them. Adam outlines two areas where the firm focuses:
- Business innovation, in this case aligning with customer needs.
- Process optimization
Anil brings these two areas to life with a recent example from the auto industry. A tier 1 supplier was experiencing problems with a production process that management attributed to poor labor relations. Investigation determined that, even if labor doubled its throughput, the problem would remain. Menawat suggested a process redesign that solved the problem.
Future segements will examine Menawat's staffing model and global scope. Anil and Adam have written a book on their process called Profit Mapping.
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