Reveal Your Hidden Profits: Looking at complexity in business?
Wednesday, 9 February, 2011 Leave a comment
It really makes my day when other people do a marketing job for Ontonix! OK, so there is never a specific recommendation to contact us but we are happy to settle for the next best thing. That is to identify where complexity IS already costing and will, increasingly, cost through:
- the impact upon clients, customers, employees and “the bottom-line”
- budget to identify, measure, manage and monitor on an ongoing basis
- reduced ROI on assets and facilities or increased insurance/risk management outlay
- reduce business capabilities &/or become less flexible (lose competitive advantage!?)
“I wouldn’t give a nickel for the simplicity on this side of complexity, but I would give my life for the simplicity on the other side of complexity” – Einstein
In previous posts I have made reference (and provided links) to reports by, such as, IBM, McKinsey, PwC, Economist Intelligence Unit (EIU) – on behalf of RBS, KPMG and AT Kearney, each spelling out WHY COMPLEXITY IS SUCH A MAJOR ISSUE for modern business!
It is reassuring to now see that business’ are being recognised as “systems” operating within inter-connected ecosystems and networks. As a result the “Economic domain” is beginning to benefit from a the lessons learnt in a wide range of inter-disciplinary scientific fields…and can build resilience across domains, rather than destroy it.
The attached White Paper “Reveal Your Hidden Profits by Simplifying your Business!” serves to reinforce much of what others have already said. I would really urge you to read it in full. In the meantime the author says:
It comes down to just 3 options…
Do nothing and continue to accept the higher costs and lower profits, satisfaction and morale, or
Introduce more-sophisticated systems to manage the increasing complexity, or
Reduce or remove the complexity via simplification in parts of, or across all of, the business.
Unsurprisingly there isn’t a great focus upon the increased risks associated with unmanaged complexity. Essentially this is due to the simple fact that so much that is written, by others, on the subject is, just that…QUALITATIVE.
The causes of system failure are “numerous”.
That is one of the reasons why tackling complexity by any of the means proposed by these other, high profile, firms is so costly and, therefore of limited appeal in the current climate!
Ontonix solutions are 100% QUANTITATIVE and have already proved their worth in fields such as Healthcare, Aerospace, Automotive, Petro-chemical production, Air traffic control, etc. Suffice to say each and every one requires that the methodology be rigorously tested!
Find out more about us or take a look at our references.
Your business, irrespective of size, may already have an issue with complexity affecting its performance…with data that your business generates on a day-to-day basis…we can, not only, assess whether a problem exists but you do but also map the operational structure and effectiveness within the data, identifying strengths and weaknesses. You won’t need to spend a small fortune on Consultants, untold hours digging up more and more obscure information about you business, or dedicate staff members to fruitless tasks.
Others have explained what the problem is. We will tell you more, explain what we do, how we do it and undertake a cost effective analysis of your business by way of “proof of concept” before, hopefully, engaging in a more detailed project.
I am currently looking for firms willing to benefit from the unique products and services we provide, by participating in case studies. I am particularly interested in firms:
based in/around Central Scotland,
&/or at least one “critical process” that could benefit from real time monitoring
&/or with an international/Global or extensive Supply chain exposure