Acumen
Process for businesses to receive and add value to the raw materials and sell end products to customers
Value Chain
A _______ correlation indicates the extent to which the variables move together in the same direction
Positive
Growth mindset and connected teaming are an example of this skill
Intrinsic
% of vehicles in the US that are manual
~5%
The process of effectively planning, analyzing, controlling, and managing costs to maximize the value from a company’s resources
Cost Management
A distribution in which most values are clustered to the left tail of the distribution.
Negatively skewed
Motivation and balance are an example of this skill
Workforce
The average # of parts in a vehicle (incl. nuts and bolts)
~30,000
Competing not only through price but by also selecting a small portion of the market to focus on is which financial strategy
Focused Low-Cost
This is a small graphical image that visualizes a series of numbers.
Spark lines
Name one example of a frequently addressed topic you should be prepared to coach on
-
Toyota Corolla
Exposure
Structured approach where one group gets the proposed solution, and another group does not get the proposed solution and outcomes are measured to determine if the solution made any difference
Experiment with control group
Name one example of a frequently addressed topic you should be prepared to coach on
-
Home of the fastest police car in the world.
Dubai (Bugatti Veyron)
Dealer Net – Cost <I/H, O/S, Log> or Gross Profit + R&D Cost.
Marginal Gross Profit
If you want your audience to see cause and effect, you would show them this
Pareto chart
Four components of the GROW model
Goal, Reality, Options, Will
Manufacturer that produces a maximum of 14 cars per day
Ferrari