Breaking Failure: How To Break The Cycle Of Business Failure And Underperformance Using Root Cause, Failure Mode And Effects Analysis, And An Early Warning System [EPUB]
E-Book Overview
TIME-PROVEN TECHNIQUES FOR REDUCING RISK AND IMPROVING PERFORMANCE IN MISSION-CRITICAL BUSINESS ACTIVITIES Proven in high-stakes, high-risk environments--from defense to healthcare For business functions ranging from marketing to HR, R&D to M&A Indispensable for all executives, entrepreneurs, strategists, and product managers This guide brings together simple, risk-free, and low-cost ways to break cycles of business failure and underperformance. These techniques aren't new or trendy: they've repeatedly proven themselves in mission-critical disciplines ranging from manufacturing to space exploration, with lives and billions of dollars on the line. They work. And they'llworkfor you, too. First, you'll learn how to use well-proven Failure Mode and Effects Analysis (FMEA) techniques to anticipate potential failure points before you introduce products, implement strategy, or launch marketing campaigns. Next, utilizing Root Cause Analysis (RCA), you'll learn to uncover the root cause of business problems, so you can solve them once and for all. Third, you'll discover how to use an Early Warning System (EWS) to identify "driver" variables in your business, gaining timely and actionable insights without complex predictive modeling. Whatever your role in decision-making, leadership, strategy, or product management,Breaking Failurewill help you mitigate risk more effectively, achieve better results--and move forward in your career When lives are on the line, when billions of dollars are at risk, failure is not an option. That's why industries such as aerospace, chemical engineering, and healthcare have pioneered world-class methods for identifying, anticipating, and mitigating failure. InBreaking Failure,Alexander D. Edsel helps you adapt these proven techniques to the realities ofyour business. You'll discover how to plan more effectively for contingencies, and how to uncover and address the root causes of poor performance in business functions ranging from marketing to hiring. Equally valuable, you'll learn how to systematically improve your situational awareness, so you can uncover problems before they damage relationships, brand reputation, or business performance. Adapted to be 100% practical and actionable, these techniques will help companies of all sizes, in all markets. As you move towards greater speed and agility, they will become even more indispensable. A practical, systematic approach to "Breaking Failure" in your company UseProblem Framingto overcome the human bias towards thoughtless actionUseFailure Mode & Effect Analysis (FMEA)to anticipate problems, prioritize risks,and plan corrective actionsUseRoot Cause Analysis (RCA)to identify true causes of failure in any process, product, or projectUse anEarly Warning System (EWS)to quickly recognize signs of underperformanceUsePre-Planned Exit StrategiesandExit Triggersto end failure and underperformance issues you can't fix
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