The Essentialist, Eike Boeljes, lean management, lean service, mudas, wastes in lean management

Lean Lesson 2:

 Deadly Wastes in Your Business – Services vs. Production

Eike Böljes

Read Lean Lesson 1 here.

Today, we have more companies operating in services than in production. Especially in the past decade, service providers have increased significantly and even surpassed the production sector. What has been neglected throughout this development, however, is the new optimisation potential that has come along. Continue reading

lean management, lean service, mudas, eike boeljes

Lean Lesson 1:

How to Keep Your Services On Fleek

Eike Böljes

When it comes to a nation’s most significant economic output, most people associate leading export countries such as Germany, the US, and Japan with their most famous physical products. Automotive, IT, and apparel are only a few well-known examples. What many people don’t know, however, is that these products don’t actually dominate the economic landscape. It’s the service sector that contributes most to their GDP. Continue reading

sustainability, building the future, innovation, growth mindset, successful business, johannes krainer

How to Add Your Share to a Sustainable Future

Johannes Krainer

We’ve been talking about a sustainable future for a long time now, but one thing still strikes me: Many people are just waiting for it to happen. Of course this isn’t the way to success, nor is it the way towards sustainability.

Instead, I like to look at the future like building a puzzle. Skill by skill, idea by idea, we all have to add a piece. What contribution can you make? Here are 7 questions to ask yourself to approach a new business or simply re-evaluate a current one. Continue reading

international business partners, multicultural trust, patrick etz

Why Your Attitude Towards Trust is Costing You Value

Patrick Etz

Inspiring trust. Nothing else is more essential to true leadership. Yet, we’re used to taking this ‘soft’ and ‘fuzzy’ skill for so granted that we’ve forgotten how it works.

Then something like the VW scandal happens and rocks the business world, and suddenly, trust becomes an enormous issue again. Here too, the old saying applies: you don’t know what you’ve got until it’s gone. Continue reading

alexander schwartz, business development strategy

The Secret Book of Strategy

Alexander Schwartz

When I still worked with McKinsey & Company, a senior manager once asked me during a kick-off dinner for the firm’s Strategy Book. I explained that such a book didn’t exist, but he didn’t believe me. In fact, he became rather upset and insisted on receiving the book ASAP, as it had to be part of the strategy study we were about to deliver. Continue reading

frauscher boats, 1017 GT, global business, boat builder, yacht builder

How An Austrian Enterprise Went Global

Frauscher Success

An interview

It has been a rushing decade for the Frauschers. The Upper Austrian family have risen above their roots based in the small town of Gmunden and are now an international trendsetter. At events and exhibitions, major shipyard owners from across the world seek them out to ask what they’ve been up to. Even their image reflects their approach. From crisp shirts to crisp hair, they radiate clarity and transparency. When they speak, they are quick and straight-forward. Looking closer into their approach, it very soon shows that the Frauschers have found their perfect business strategy. Continue reading

china, skyline, sunset, investment

China has a lot of money, but no time

Wolfgang Maurer
Photo credit: iStock

Why has China been so keen on investing in European entities? Recent trends in Sino-European business relations and an analysis on the surge of China’s presence in the West.

It’s not a question anymore. Chinese outbound investment has been on the rise and keeps up with a steady track. The trend was kicked off by state-owned enterprises acquiring shares abroad. The result? A recent boom, which is fuelled by Chinese private equity firms now eyeing European targets for acquisition. Continue reading