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Many companies, especially in the tech world, have come to embrace the idea of growth at all costs. But according to research from Gary Pisano, professor at Harvard Business School, most firms fail to consistently increase revenues and profits over the long term, adjusting for inflation. He says that it’s important for leaders to think more strategically about not just the rate of growth they want to achieve but the direction they want to grow in and their method for doing so. Trying to grow too fast can be the downfall of many organizations. He shares examples of companies that have fallen into this trap, as well as those getting the balance right.  Pisano wrote the HBR article "How Fast Should Your Company Really Grow?"

Why do so many brokerages pursue a costly and outmoded “best-in-class” tech strategy when it rarely delivers on its promises? Despite good intentions, assembling a patchwork of standalone tech tools creates a fragmented mess that hinders productivity and drives up costs. The allure of having the “best” often blinds broker/owners to the inefficiencies and frustrations…

The post How Much Does Your ‘Frankenstack’ Tech Strategy Cost? appeared first on RISMedia.

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Why people get lost

Navigating through hospitals can be a challenging task and stressful experience for patients, visitors, and even staff. With the increasing complexity of hospital layouts and diverse user needs, there is a growing demand for effective and accessible wayfinding solutions.

Misinformation and not up-to-date information are among the most common issues why people get lost. The lack of quality information across platforms allows for disorientation, a feeling of getting lost, and not knowing which source to trust. Some of the issues include:

• Getting lost, high stress levels
• Not on time for an appointment
• Unable to orientate/navigate
• Information not correct/up-to-date
• No holistic wayfinding approach

Costs of Getting Lost

Wayfinding issues lead to significant costs due to staff time spent on assisting lost individuals, delays in patient care, and missed appointments.

A Deloitte report showed that medical staff spends on average 4,500 hours in giving directions every year. That is a considerable amount of time wasted just on giving directions.

Lost patients and visitors disrupt hospital schedules and workflows, leading to inefficiencies and increased workload.

Navigational difficulties heighten stress and dissatisfaction among patients. Efficient wayfinding is crucial for patient safety, especially in emergency situations.

Three Main Reasons Why People Get Lost in Hospitals

1. Complex Hospital Layouts: Hospitals often have intricate, sometimes maze-like structures with long corridors which look similar and multiple wings, making navigation challenging for patients, visitors, and even staff.

2. Inadequate Signage and Wayfinding Systems: Traditional signage and wayfinding tools are frequently insufficient, leading to confusion and difficulty in locating destinations within the hospital.

3. Lack of Pre-Visit Information and Real-Time Guidance: The absence of effective pre-visit directions and real-time navigational assistance exacerbates the confusion, especially for first-time visitors.

Assessment of the Costs of Getting Lost in Hospitals

• Financial Impact: Wayfinding issues can cost hospitals significantly, with studies showing expenses up to $500,000 annually at due to staff assisting lost individuals and other related inefficiencies. Missed appointments due to navigational difficulties add to this burden, with the NHS losing almost £1 billion annually.

• Operational and Staff Impact: Staff spend substantial time assisting lost patients, leading to lost productivity and increased workload. This can result in staff burnout and compromised patient care.

• Patient Experience and Safety: Patients experiencing stress and confusion due to poor navigation can have longer hospital stays and increased health risks.

In summary, inefficient hospital wayfinding systems lead to significant financial costs, operational challenges, and negative impacts on patient experience and safety.

Case for wayfinding

Wayfinding is a multidisciplinary design profession, combining cognitive behavior, information design, and user experience. It enhances the process of finding your way to a destination in a familiar or unfamiliar setting by using cues from the environment.

The goal of wayfinding is to create a unique and seamless journey by showing the right information at the right time. A comprehensive and bespoke wayfinding system where patients and visitors can orientate, navigate, and locate destinations in a building or environment.

Holistic wayfinding approach

A holistic wayfinding approach that reduces stress and costs while creating a seamless journey experience in hospitals should include:

• Integrated Digital and Physical Signage: Combining clear, large physical signs with digital solutions (like interactive maps and mobile apps) ensures accessibility and real-time guidance for all users​​​​.
• Personalized Navigation Assistance: Utilizing technology such as QR codes, WiFi triangulation, or beacons for real-time, personalized navigation can cater to individual needs and reduce the likelihood of getting lost​​​​.
• Pre-visit and On-site Information: Providing detailed pre-visit directions and on-site information desks or volunteers can help orient visitors upon arrival and throughout their visit, addressing wayfinding issues effectively​​.

This approach combines technology, human assistance, and clear physical markers to create an environment where patients and visitors can navigate hospital spaces more confidently and efficiently.

Design for today and plan for the Future

Our vision for Wayfinding is an integrated information platform that creates an on-demand and personalized user experience. Our approach seeks to improve people’s understanding of the built environment by implementing identity, urban design, and wayfinding strategies.

Key takeaways

• People first — User-centered information tools
• Integrated — Holistic design approach
• Vision and research — Solving wayfinding problems
• From the place for the place — A unique experience
• Seamless — Extendable and flexible
• Digital — Personalized experiences
• Build design resources — Ensure legacy
• Invest once and wisely — High quality delivers a ROI

Every day, our work helps thousands of people navigate hospitals. We are experts in placemaking and wayfinding.

Playing it safe nearly cost me everything. Don’t settle—learn how to break free from self-betrayal and follow your true path.

The post How ‘Playing It Safe’ Almost Cost Me Everything (Don’t Settle!) first appeared on Chase Jarvis.

The post How ‘Playing It Safe’ Almost Cost Me Everything (Don’t Settle!) appeared first on Chase Jarvis.

Control fulfillment costs by using 3PL services, rethinking packaging materials, using scalable warehouse space, and automating processes.

Social applications have acquired pace more than anything lately, be it online entertainment, video sharing, photograph altering, or whatnot. TikTok App Clone Script, TikTok has been all around the information after a nation forbade its utilization, exhausting the space for an amazing open door. While the general application is easy to use according to a […]

The post What is TikTok App Clone Script? Cost & Features appeared first on WPCult.

The Mammoth Cost of Operating America’s Combat Aircraft shows the operating cost per aircraft in 2018. Statista created this infographic when the non-partisan U.S. Government Accountability Office (GAO) released an overview of mission capable rates and the cost of operating U.S. military aircraft in 2020. Over 40 aircrafts were examined, Statista chose to highlight these 15 in their infographic.

The non-partisan U.S. Government Accountability Office (GAO) recently released an overview of mission capable rates and the cost of operating U.S. military aircraft. It examined more than 40 different aircraft types, finding that only three of them reached their mission capable goals between fiscal years 2011 and 2019. In total, the report put the collective cost of operating all of the U.S. military's aircraft fleets at $49 billion in fiscal year 2018, taking operational & support (O&S) costs such as maintenance as well as supply support in account. O&S generally makes up 70 percent of a weapon system's total life cycle costs and it includes spare parts, depot and field maintenance, contract services, engineering support and personnel, amongst other factors.

It would be nice to see how many we have in service too. The stacked bars work well. As a reader you can tell the values between operating/support and maintenance, but the total is what matters.

Read more at Statista

Organizer: Government Finance Officers Association of British Columbia
Location: Vancouver

"Sheriff Mal Reynolds has a new partner— a law enforcing robot from the Blue Sun corporation, who doesn't care about motives, about mercy, about anything other than enforcing the law— no matter the cost. The Blue Sun Corporation has helped to run the universe from the shadows for years, but they're ready to step into the light and take over. If Mal wants to keep his job and protect his sector, the smart move would be to play by their rulebook. But for Mal, there's really one choice— reunite the crew of the Serenity for one last impossible job to save the 'verse. Greg Pak and artist Dan McDaid launch Mal & the crew of Serenity into their biggest war yet, officially continuing Joss Whedon's acclaimed series." -- Provided by publisher.

"The stage is set for the final battle as the first ever Firefly event concludes, with Sheriff Mal Reynolds— yeah, he's still getting used to it too— making a choice that may cost him those he loves most, whether he knows it or not … Shocking losses lead to stunning decisions as Mal and the crew of Serenity must face the consequences of their choices in war against the Blue Sun Corporation. The 'Verse is changing in ways no one ever expected— and a new chapter of Firefly begins here." -- Provided by publisher.

When it comes to international trade and finance, everyone pretty much speaks one language: the U.S. dollar. So when the Federal Reserve hikes interest rates and the dollar suddenly gets strong, it can cause huge headaches all over the world.

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Toronto, ON – A new study examining high-cost healthcare users in Ontario released by researchers at the University of Toronto has identified the types of patients who are high-cost users, the continuums of care that propel these high costs, and what the costs of this care were. “Who are the high-cost users? A method for […]