While the ‘Living Wage’ issue seems to affect only the largest retailers and fast-food giants, the effort, if successful, will alter every business’ ability to enter into basic agreements with individuals resulting in a benefit for both parties.
A number of former CEOs of top companies are finding out what it’s like to come back as CEO – of the same company. Since the late Steve Jobs handsomely succeeded in his second tenure at Apple, the idea has lost its traditional stigma. The steadily growing group of such chiefs are succumbing to the pleas of boards of directors who are certain that they’re the only people for the job – again.
To heck with the exchanges. John Torinus, chairman of Serigraph, a West Bend, WI-based decorative and brand-related graphics provider, author of “The Company that Solved Health Care” and the forthcoming book, “Grassroots Healthcare Revolution,” tackled the difficult challenge of runaway costs, saying, “we did it. You can too.” Here he tells how to get started.
Toyota Productions Systems’ (TPS) leadership and their employees refer to it as, “genchi genbutsu.” It is one of the most important and powerful analytical tools available to the executive today. What is it, and how can chief executives use the tool to help them improve their businesses and the performance of their employees?