Extraordinary Business
Links
Previous Posts
- A Discussion on Change Management and How to Make ...
- China 2.0: Understanding what it takes to open doo...
- Just How Important is Communication?
- Business would be wonderful if I could just fix al...
- Growing Internationally
- The importance of buying local to the economy.
- Invention out of necessity
- Opportunities Exist: Are you ready for them?
- Things you can do to help keep your business prosp...
- Testing out a new feed. www.ping.fm
archives
- January 2006
- February 2006
- March 2006
- April 2006
- May 2006
- June 2006
- July 2006
- August 2006
- October 2006
- December 2006
- February 2007
- April 2007
- August 2007
- September 2007
- October 2007
- January 2008
- March 2008
- April 2008
- June 2008
- September 2008
- November 2008
- December 2008
- January 2009
- February 2009
- March 2009
- April 2009
- May 2009
- June 2009
- August 2009
- September 2009
Where do you have to go to generate millions in savings?
Posted Wednesday, June 18, 2008
How would you go about saving millions in costs in your business? Would you hire a consultant experienced in 6 Sigma or Lean? Who would be the best at helping you? At Stanford Hospital it turned out to be the employees.
Stanford's employees have so far helped the hospital save over $14 million in expenses. Cost reductions occurred in everything from trash collection to de-linting towels for surgery.
So how do you get so many people focused on cost reduction? It has to mean something to the staff. They need to clearly understand the vision and direction of the business. One difference is they were empowered to make a difference because management didn't have all the answers and the results have been tremendous.
Who are you willing to empower and how would it make a difference in your organization?
Stanford's employees have so far helped the hospital save over $14 million in expenses. Cost reductions occurred in everything from trash collection to de-linting towels for surgery.
So how do you get so many people focused on cost reduction? It has to mean something to the staff. They need to clearly understand the vision and direction of the business. One difference is they were empowered to make a difference because management didn't have all the answers and the results have been tremendous.
Who are you willing to empower and how would it make a difference in your organization?
Labels: 6 Sigma, Business Coaching, Coaching, Health care, Hospitals, Leadership, Lean, Strategy, Vision




