What is it about?
There is a new type of waste in modern organizations. Waste that isn't visible but very expensive. None of the current methods, practices, or measures can see it or do much of anything to stem it. This article will point to the new wastes, their source, and what you can do to eliminate them in your organizations as they are costing you millions.
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Why is it important?
The silent killers are costing your company a considerable amount of money. A major international manufacturer of athletic shoes and sportswear determined that they were 'leaking' over $ 1 Billion a year as a result of the silent killers. Your company may not be that big but you are leaking money at a furious pace none the less.
Perspectives
Modern business thinking and practice is stuck in the industrial era. What we call 'modern management practices' were all invented by people who were born in the 1800's. They were designed to be effective for Henry Ford and his peers as they ushered in the industrial world. Since then we have largely added technology to the same basic practices so that we can now do things that are increasingly irrelevant for todays workforce very quickly. This article provided a different perspective and a look at a different future.
Mr chris majer
Human Potential Project
Read the Original
This page is a summary of: Wastes in the Modern World: The Silent Killers of Productivity and Profitability, Employment Relations Today, March 2014, Wiley,
DOI: 10.1002/ert.21439.
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