Here's how you can navigate risk and uncertainty in your Industrial Engineering entrepreneurial career.

In any industrial environment, following are key traits: Leadership Financial Attributes Visionary The Leader plays a very vital role in setting direction. The behaviour of people in organization is solely based on behaviour of the Leader in the organization. Every person in an organization has different skills. How to use those skill properly to get overall goal of an entity, depends on the Leader. Financial understanding is key to drive and organization. Where to use those resources and at what time is key to success for that organization. The Leader has to be visionary and need to access every possible failure and should have full contingency plan for every kind of situation that can lead to failure along with when to trigger that plan.

To assess risks in an industrial engineering entrepreneur career, it is essential to use a combination of quantitative and qualitative techniques. This includes conducting time and motion studies to identify inefficiencies and potential safety issues, work sampling to estimate time spent on tasks, and process flow analysis to uncover potential failure points. Additionally, quality control and statistical analysis can help identify quality issues or sources of variation that could pose risks. Ergonomics assessments can optimize safety and performance by studying how workers interact with machines and systems. Failure mode and effects analysis can systematically identify potential failure modes and their effects to assess and mitigate risks.

To assess risks in an industrial engineering entrepreneur career, it is essential to use a combination of quantitative and qualitative techniques. This includes conducting time and motion studies to identify inefficiencies and potential safety issues, work sampling to estimate time spent on tasks, and process flow analysis to uncover potential failure points. Additionally, quality control and statistical analysis can help identify quality issues or sources of variation that could pose risks. Ergonomics assessments can optimize safety and performance by studying how workers interact with machines and systems. Failure mode and effects analysis can systematically identify potential failure modes and their effects to assess and mitigate risks.

En mi experiencia, la evaluación de riesgos ha sido fundamental para que mi equipo y yo podamos eliminar riesgos persistentes en las operaciones de manufactura y realizar mejoras en los procesos. El método que más he utilizado para este propósito es el Análisis de Modo y Efecto de Falla (FMEA, por sus siglas en inglés). In my experience, risk assessment has been crucial for my team and me to eliminate persistent risks in manufacturing operations and implement process improvements. The method I have most frequently used for this purpose is Failure Modes and Effects Analysis (FMEA).

In the business area through industrial engineering, its necessary to define and understanding the following. Competitiveness Its the transformation of a good service trough: 1.- Positive Attitude of the staff 2.-Best Quality ( Six Sigma) 3.-Best delivery time (JIT) 4.-Lower process cost 5.- Low investment 6.-Working with Circular Economy 7.- Obtain Healthy Finances.

To conduct market analysis for an industrial engineering entrepreneur career, the TAM, SAM, and SOM framework can be used. This involves defining the specific market, calculating the Total Addressable Market (TAM) by assessing the total demand for the product or service across the entire market, and then determining the Serviceable Available Market (SAM) by estimating the portion of the TAM that the business can realistically serve. The Serviceable Obtainable Market (SOM) is then calculated by estimating what portion of the SAM the business can realistically capture, considering competitive advantage, current market share, and sales strategies. This framework helps prioritize market opportunities and guide resource allocation for growth

Na atualidade, empregar modelos de “machine learning”, em um esfor?o preditivo de entender as oscila??es e a volatilidade do mercado de atua??o, torna-se mais que necessário.

A market analysis is a detailed assessment that helps to determine if there’s enough demand for the product or service. And how the solution provided can solve the target customers’ problems better than anyone else.

Análisis de mercado Un análisis de mercado exhaustivo te permite comprender mejor las dinámicas de tu industria. Herramientas de análisis de mercado basadas en IA pueden proporcionar insights sobre tendencias del mercado, comportamiento del consumidor y competencia. LinkedIn puede ser una excelente plataforma para obtener información del mercado a través de grupos profesionales y discusiones con expertos del sector.

In industrial engineering related companies one common pain point amongst entrepreneurs is that they struggle to define their ICP - ideal customer profile. Industrial buyers don’t have the luxury to choose whether they are going to buy machinery or RM - it is the lifeblood of the business hence the entrepreneur doesn’t really need to focus on convincing the customer a lot provided the product quality is good. But if the focus is on a totally wrong set of customers who do not really need that specific product/service then that leads to lots of directionless movement and causes hopelessness and despair in the entrepreneur

Financial planning is the process of creating a comprehensive plan to manage your financial resources and achieve your short-term and long-term goals. It involves evaluating your current financial situation, identifying your financial goals, and developing a strategy to achieve those goals. Financial planning encompasses various aspects of finance, including investing, taxes, retirement planning, estate planning, and insurance. It helps you make informed decisions about your financial resources, ensuring you have a roadmap to manage your finances effectively and achieve financial stability.

Robust Financial Planning is Crucial: Project cash flow. Budget for research and development. Secure funding to sustain operations. Embrace Lean Principles: Minimize waste. Maximize value. Ensure every dollar spent adds customer value or improves processes. Benefits: Tight financial control. Plan for various scenarios. Navigate financial uncertainties. Maintain steady course towards profitability.

Una planificación financiera sólida es esencial para mitigar el riesgo. Utiliza modelos de IA para proyectar flujos de efectivo, identificar áreas de potencial ahorro y optimizar la asignación de recursos. Herramientas como los sistemas de gestión financiera impulsados por IA pueden ofrecer previsiones más precisas y alertas tempranas sobre posibles problemas financieros.

O planejamento financeiro é um processo dinamico e contínuo que requer aten??o constante e ajustes periódicos. Ao seguir um plano financeiro detalhado e bem-estruturado, as empresas podem n?o apenas garantir sua viabilidade e crescimento, mas também estar preparadas para enfrentar desafios financeiros imprevistos. Um bom planejamento financeiro proporciona a seguran?a necessária para que os empreendedores possam focar em inovar e expandir seus negócios.

Solid financial planning is the backbone of any successful industrial engineering business. Forecast cash flows, budget for R&D, and secure funding to support operations. Embrace Lean principles to minimize waste and maximize value, ensuring every dollar spent directly contributes to creating customer value or improving processes. Tight financial control and scenario planning can help overcome financial uncertainties and maintain a steady course towards profitability.

Of my three rules for success, rule number two “success is all about relationships” is likely the most important for long term success. While your technical brilliance and engineering innovation may be world changing, without a strong network the full expression of your genius will lie dormant and fail to make the impact it could. My advice (aside from learning about my other two rules of success) is that you continually focus on building strong relationships ahead of any other consideration. Whether it is crowdsourced innovation with others, success in execution or enjoying the experience, your network is your worth. Ultimately your success will not be hampered by lack of intellect. It will be hampered by lack of relationships.

Right Networking is key to success in any role. Networking has to be both Internal (within organization) and External (Rest of world). The key here is that in any networking “you should be perceived as a contributor / leader”. One should be a good listener and mindful of what other people contribution and be able to built his own line of action. To setup your networking environment, one has to be clear about his goals and the start working on it. His network will then push him to achieve the goals on has set for himself.

A coopera??o de sua rede de conhecimento, fortalece tanto os elos dos clientes quanto dos fornecedores, possibilita cria??o de sinergias, sejam elas de utilidades ou servi?os, as quais v?o influenciar positivamente e principalmente nos custos, com impacto direto no pre?o do produto final

A constru??o de redes na engenharia industrial é um processo fundamental para otimizar a eficiência, melhorar a comunica??o e integrar diversos sistemas e processos dentro de uma organiza??o, pois pode abrir portas, e conectar tanto empresas, fornecedores, parceiros de negócios e os próprios colaboradores, o que pode trazer trocas de experiências, li??es aprendidas (tanto de erros como acertos) e muito mais.

"Your Network Is Your Net Worth" We all know that our network is crucial, influenced by where we live, the connections we foster, etc. In the digital age, especially on LinkedIn, here's a framework I've been using for years to connect with 5 to 10 people consistently: 1°) Identify whom I want to network with 2°) Optimize my LinkedIn profile for this purpose 3°) Create content regularly 4°) Engage with my network We've also developed a tool, Indipen, to facilitate this.

Por vezes os profissionais se prendem ao conceito que para haver Inova??o se faz necessário inventar uma nova lampada ou roda e na realidade Inova??o é fazer algo diferente que agregue valor, reduza desperdícios e custos por exemplo. Manter uma equipe engajada é plantar a cultura do diálogo do respeito da empatia e as novas ideias inovadoras chegar?o aos montes !

An interesting method for innovation is the MoSCoW method, which helps in selecting innovations: M = Must S = Should C = Could W = Won't By speaking with our clients and observing them, we realize that certain innovations are more coherent than others in bringing more value to our clients.

Enfoque en la innovación Fomentar una cultura de innovación te ayuda a mantenerte competitivo y adaptable. Utiliza tecnologías emergentes y soluciones basadas en IA para mejorar procesos y desarrollar nuevos productos o servicios. La innovación puede reducir riesgos al abrir nuevas oportunidades de negocio y mejorar la eficiencia operativa.

Estou em uma leitura que inova??o n?o é somente tecnologia disruptiva mas toda e qualquer movimento que solucione um problema da sociedade como um todo. Se olhar por este angulo o processo de inova??o se torna mais viável para as pessoas mais comuns. Outro ponto e preparar as pessoas para que pensem "fora da caixa" usem sua criatividade para resolver qualquer tipo de problema.

Com o mundo cada vez mais globalizado, e cada dia que passa com o surgimento de novos playes no mercado, os empreendimentos precisam mais do que nunca, a investir em inova??o, para permanecerem competitivos, dentro do empreendedorismo da engenharia industrial, existem várias inova??es, e o carro chefe das inova??es, vêm da tecnologia, que muito têm contribuído para o desenvolvimento dos empreendimentos de engenharia, ou seja, quem quiser permanecer e se desenvolver no empreendimento de engenharia industrial precisa inovar e principalmente na tecnologia.

Leader is the person who drives any organization to success and failure. Continuous learning is a driver of success for not only the Leader but also for the organization. The key trait here “Not only keep yourself abreast with latest trends in business but also how to cascade downstream.” One key mistake lot of people do is that when they learn something new, they keep it to themselves and don’t cascade it to others”. How to communicate effectively to setup continuous learning environment? Every person in the world has different level of understanding. It is crucial to understand the motivation level of that individual / group within the organization and then use that trigger point to develop learning environment.

One thing to remember may be to have goals with execution timelines. Goals should never be changed. Adjusted maybe. Timeliness can be- think covid, wars ( ugh) or, other things life throws at us. Adjust to meet your objective(s). Never be afraid to cancel or keep on going. You're allowed. Success is a series of steps. Not an elevator or escalator. Walk each one and enjoy the trip!

A aprendizagem contínua refere-se ao processo de adquirir conhecimento e habilidades ao longo da vida, de forma constante e regular. é um conceito fundamental no mundo moderno, onde o conhecimento e a tecnologia est?o em constante evolu??o. Adapta??o às Mudan?as Desenvolvimento Profissional Crescimento Pessoal Competitividade Satisfa??o Pessoal Existem várias maneiras de cultivar a aprendizagem contínua, como cursos online, workshops, leitura de livros, participa??o em conferências, networking com profissionais da área, entre outros. O importante é manter uma mentalidade aberta e estar disposto a investir tempo e esfor?o no desenvolvimento contínuo de habilidades e conhecimentos ao longo da vida.

One of our core values at Buoyant Ventures is to always be curious and committing to constantly learning. This involves taking courses, reading constantly, listening to podcasts, attending specialized conferences, doing research, and debating ideas. It is very easy to make snap judgements in today’s world with the access to so much information at our fingertips and so much emotionally charged opinions on social media. Take the time to think and meditate and let new ideas and knowledge sink in. And be willing to change your mind when new facts become available. And strive for the truth which is harder and harder to find.

One of our core values at Buoyant Ventures is to always be curious and committing to constantly learning. This involves taking courses, reading constantly, listening to podcasts, attending specialized conferences, doing research, and debating ideas. It is very easy to make snap judgements in today’s world with the access to so much information at our fingertips and so much emotionally charged opinions on social media. Take the time to think and meditate and let new ideas and knowledge sink in. And be willing to change your mind when new facts become available. And strive for the truth which is harder and harder to find.

Esto es lo que hay que tener en cuenta Adaptabilidad: La capacidad de adaptarse rápidamente a los cambios en el mercado y en la tecnología es crucial. Resiliencia: Cultiva la resiliencia para superar los desafíos y recuperarte de los contratiempos. Colaboración: Fomenta una cultura de colaboración dentro de tu organización y con tus redes externas. ética: Mantén altos estándares éticos en todas tus operaciones para construir una reputación sólida y duradera. Imagina que diriges una empresa de manufactura y te enfrentas a incertidumbres en la cadena de suministro. Al implementar un sistema de IA para el pronóstico de demanda y gestión de inventarios, puedes anticipar las fluctuaciones y ajustar tus pedidos de materiales en consecuencia