The Amazing 80/20 Rule Introduction
Would you be interested in knowing a way to increase your business by 16 times! Got your attention? Read on about the 80/20 Rule to get an insight into how this is possible Then click on the topic links at the page foot to learn more. Blue Belt. Table of Contents Introduction to […]
SM1.0 How 1% Price Change Gave 11% Profit Increase
Price is a major determinant of the profitability of your business! A price change of as little as 1% can often lead to profit increases of up to 11%. A consultant study across 1,200 major businesses found that a 1-2% increase in price, assuming demand remained constant, on average would have increased the company’s profit by 11%. […]
SM5.0 Theory of Constraints (TOC) and your Bottlenecks
The Theory of Constraints (TOC) has probably had more impact on our prizewinning business than any other management gem! We first heard of it when reading that Jeff Bezos, Founder of Amazon, required all his managers to read the book that introduced ToC – The Goal. Bezos has done OK so must be something in […]
Podcasts: Business ‘Aha’ Gems
12Faces produces short (7-10 minute) podcasts and videos on our most popular topics. Subscribe to these to get a steady feed of management topics designed to give you a few ‘aha’ moments. To suggest topics, email reception@12faces.business Table of Contents How to Subscribe to 12Faces A/V Get new podcasts emailed to you, subscribe here. Subscribe at Itunes […]
How to Use Business Diagnostics Tools
Using Business Diagnostics for Sustainable Business Success Our goal for your business is Sustainable Business Success. An important tool for reaching that goal is our Business Diagnostics suite . When you go to the doctor with a mystery ailment, they ask you questions designed to increasingly narrow down what’s wrong. We do the same for your business […]