Introduction to Breaking Failure: How to Break the Cycle of Business Failure and Underperformance Using Root Cause, Failure Mode and Effects Analysis, and an Early Warning System
Applicability of These Concepts
The techniques presented in this book can be used by any company regardless of size or industry type. However, some techniques when applied to large, complex organizations, such as the Failure Mode and Effects Analysis or Root Cause Analysis, will require a team effort and are somewhat process-intensive, requiring some time and effort, especially when conducted for the first time. The best way to determine when to use these domain transfers is to initially use them on your most expensive and mission-critical campaigns or product launches and then decide what the threshold should be to use or not use them. For some companies, it might be when more than $10,000 is at risk; for others, the threshold might be when more than $100,000 is at risk. Once a company becomes proficient with these techniques, the time and effort required should decrease considerably. Other techniques, such as the early warning system and preplanned exit strategy, require only a one-time effort with adjustments over time.