Last week I took a nice, relaxing vacation. We didn’t want to spend a lot of money on anything fancy, so my husband and I packed up the Jeep, loaded the dogs, and headed out. We stayed with family in a beautiful house in rural Kentucky, or what…
Atul Gawande just wrote a piece in The New Yorker in which he applies The Cheesecake Factory (TCF – restaurant chain) model to the healthcare system. He cites soaring costs, mediocre service, unreliable quality and significant variability in outcomes/results as the dominant attributes of the current medical system in the USA. Sounds like the typical Supply Chain/Sourcing issues that almost all of us are trying to deal with on a daily basis.
45 Million People Are Blind today, and 80% of them could be cured through surgery (36 million if you’re looking for your calculator). Oh, of course, most of these people cannot afford the surgery, don’t know about it, cannot physically be where eye care is available, and so on and so on. The answer? Reverse Innovation (RI) – a term coined by Jeffrey Immelt and Vijay Govindarajan. The basic premise of RI is that all innovation cannot flow from the developed to the developing world.
The catalyst for the crash seems to be the IPOs of Groupon and Facebook. The IPOs were initially greeted with fanfare and pageantry and then BOOM! CRASH! They resulted in a botched IPO and accounting issues. And now we have a giant mess sitting in our laps.
Two weeks ago we talked about some of the techniques that can help launch a successful Spend Analysis (SA) project. This week we’ll focus on answering some of the tougher questions we get asked.