Business in brief library

Operations Techniques

Finance Human Resources Operations Procurement and Supply Chain Sales and Marketing Strategy and Planning Technology
Survivorship Bias

Survivorship Bias

Survivorship bias is the focus on survivors instead of a broader context that includes those that did not survive. It appears in many arenas: athletics, business, entertainment. For every success, there are others who did not succeed. To properly judge success we must also view failure. Lacking this broader context, we make less-informed decisions.

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Systems Thinking

Systems Thinking

Systems thinking is a highly influential technique that all leaders should understand. The advantages of systems thinking in a business context are explained and how managers and leaders can develop systems thinking to improve organisational performance.

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The Collaborative Advantage Model

The Collaborative Advantage Model

Today’s workplace sees organisations collaborate to reach otherwise unattainable goals. Combining resources, knowledge and skills helps them solve problems faster, reduce costs and accelerate innovation. For employees, this means learning how to share information, build trust, and work with partners outside their own team or company.

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The Golden Thread

The Golden Thread

The “Golden Thread” is a performance framework that explains how an organisation’s goals, values and vision are aligned and woven into the fabric of the organisational hierarchy. The concept explains how the Golden Thread can be applied within an organisation and the benefits of having a shared vision and clear performance metrics.

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The Importance of the Business Case

The Importance of the Business Case

To many the business case is merely bureaucratic overreach which, when created and approved, is discarded never to be looked at again. However, this couldn’t be further from the truth. Instead, the business case should be seen as vital as it justifies the investment in a project and provides the rationale for why it should be undertaken.

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Theory of Constraints

Theory of Constraints

Theory of constraints is an essential concept in operations management to remove bottlenecks in the throughput chain. The concept explains best practice implementation and the critical factors for success.

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Time Management for Data Analysts: Principles and Practice

Time Management for Data Analysts: Principles and Practice

Time management is the process of organising and allocating time effectively to achieve objectives (Claessens et al., 2007). For data analysts, it is vital to manage multiple projects, datasets, and stakeholders while ensuring accuracy. This technique explores approaches, strengths, and steps to boost productivity and meet deadlines.

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Time Series Models

Time Series Models

Time series analysis is a useful business forecasting technique. The concept breaks down the technicalities of time series analysis and gives a balanced overview of its strengths and drawbacks - and how to avoid pitfalls when using it.

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Total Quality Management

Total Quality Management

The concept reviews TQM’s strengths, limits, key elements, and implementation factors. Contemporary practice increasingly ties TQM to sustainability (triple bottom line), extending quality tools beyond performance to environmental and social outcomes (Silvestri et al., 2024).

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Cheltenham College

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Canterbury Oast Trust

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Operations Manager HVAC

DENSO Manufacturing UK Ltd

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Reach

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EHS Manager

Abcam

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Accounts Manager

Milling International Marketing Ltd

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Ferdinand Bilstein UK

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