How Enterprise Leaders are Achieving Their Operational Efficiency Goals
Removing performance barriers
Global software company meets strategic goals
Increase input, reduce time
ThoughtExchange increases efficiency by getting leaders maximum input with minimal time and effort. In the case above, participants spent about 8 minutes each on an Exchange. They shared over 300 thoughts and 5,000 ratings.
If each of these interactions were a 5-minute conversation, it would add up to about 260 hours over 30 working days—not including time spent crunching data.
Identify common ground for supported strategy
Isolate priorities for immediate action
Hear all voices, not just the loudest
Making equitable cost-cutting decisions
To improve operational efficiency, leaders need to increase or maintain outputs like production units, sales, and profitability—while decreasing inputs such as employee time, materials costs, and other expenses.
Many companies feel pressured to reduce product offerings, eliminate “perks” and benefits, and lay off staff. Involve the people impacted to identify solutions and increase support by communicating, practicing empathy, and being transparent.