I don’t portray myself to be either a statistician or an actuary but I do have the (mis)fortune of having some idea about how probabilities and odds work and often in risk management you have to evaluate the likelihood of things happening. In our everyday lives and business we often fabricate decisions to treat risks when [...]
Posts Tagged ‘Toyota’
Roll up the rim to lose and other lotteries
Posted in Office and culture, Risk management, tagged 649, lotto max, OLG, Roll up the rim, Tim Hortons, Toyota on March 7, 2011 | 1 Comment »
Please leave Toyota alone
Posted in Lean Six Sigma, My Opinions, tagged Firestone, Ford, reputation risk, six sigma, Toyota on August 27, 2010 | Leave a Comment »
It is hard for anyone who is trained in Lean Six Sigma to understand the latest Toyota recall. Toyota wrote the book on quality after all. Really. Look up The Toyota Way. Six sigma is a process improvement methodology that focuses on measuring defects and variation. Six sigmas are six standard deviations from the mean [...]
Economist: Toyota’s overstretched supply chain
Posted in Uncategorized, tagged Economist, risk management, Toyota on March 5, 2010 | 2 Comments »
Here is a very good story about Toyota, it’s supply chain and managing its risks, from the February 25, 2010, issue of The Economist. http://www.economist.com/business-finance/displaystory.cfm?story_id=15581072 In light of its recent troubles I am not really troubled by Toyota. Perhaps I should be, but I am not. I have a Toyota and would likely buy another [...]
The de-risking of Toyota
Posted in Lean Six Sigma, Risk management, Thought Leadership, tagged Coach, de-risk, Slywotzky, Target, Toyota on August 26, 2009 | Leave a Comment »
First of all, let me say, I love Slywotzky, so here is an article he co-wrote in 2007 where he explains the de-risking methods developed by Toyota, Coach, Target and others that can help you to design a more flexible and resilient business, and to be better prepared to transform major risk events into huge [...]
