Good architecture allows you to delay decisions until absolutely necessary
Buy yourself time for options to materialize, with limited downside risk. Guaranteed liquidity.
What is your time horizon? How much would it impact your business if you were able to expand that?
I ask different questions
Outcomes can be
Move to Positive from Neutral
Move from Negative to Neutral
Move from Negative to Positive
Prevent regression from Positive
Prevent regression towards Negative
Get compensated fairly for taking on risk
Price risk accurately
Recover quickly from / mitigate the impact of risk events
Achieve Substantial Compliance
Optimize resource allocation
Reduce wait / delay
Remove process friction
Make it easier to do business with you (channels + experiences)
Enter new markets
Evolve business models
Eliminate switching costs
Optimize cognitive load
Provide enjoyable experiences and fulfilling work
Create positive feedback loops
Align to value streams
Making Better Decisions
Inefficiency and waste are closely related but not necessarily the same. Inefficiency refers to any suboptimal use of resources, including time, money, or manpower, that results in a lower output or outcome than is possible. Waste, on the other hand, refers specifically to the use of resources that do not add value to the final product or service. While reducing waste is an important goal in any process optimization effort, reducing inefficiency can also have a significant impact on productivity and profitability.
Process friction refers to any inefficiencies, obstacles, or barriers in a workflow that slow down or hinder progress, causing delays, errors, or unnecessary costs. These frictions can be caused by anything from redundant steps in a process to poor communication between team members, and can be mitigated through process optimization, automation, and other efficiency measures.
- Streamline processes and workflows
- Automate repetitive tasks
- Implement lean principles
- Optimize resource allocation
- Use technology to increase productivity