Extraordinary Business
Links
Previous Posts
- Wipe The Slate Clean
- Bailouts and Bonuses
- How long will the economy affect your business?
- The impact of Fantasy Football on Business
- Top Skills Sought by Employers
- Where do you have to go to generate millions in sa...
- Blogging in some flight time
- Success Through The Generations
- A Review of Paradise Lost
- Grow Your Business
archives
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





