Management Templates
Microsoft Office applications Word, Excel, and PowerPoint offer value primarily because their formats are considered universal for exchanging information between and within organizations around the world. Within any organization, iteration based on common templates reduces rework, often above the 99% level in the case of repetitive processes.
The top 10 consulting companies in the world have built massive profitability into performing research once and leveraging it countless times through a templated and extremely well-educated process.
Automobile manufacturers, thanks in great part to Henry Ford, have maximized shareholder value by creating a template for each part of each specific model of automobile they intend to manufacture. Leveraging the template, the manufacturer assembles the parts into a compound and complex final product that reduces the cost of manufacturing each automobile by a factor of ten or more.
The technology industry has mastered the...
