The Brookings Institute has prepared a comprehensive report on America’s Advanced Industries, or industries
that invest at least $450 per worker in R&D and employ at least 20 percent of their workforce in STEM-intensive
occupations.
The Great Recession, which lasted from December 2007 to June 2009, established conclusively for me that it is demand and not supply that determines our businesses’ success. (NBER, 2010).
If you have an intermittent or periodic problem, start counting frequency of occurrence, and then figure out what the order of magnitude is compared with your process.
How can we assure that we intelligently manage the risk faced by ourselves, our customers, their customers or the general public? My answer is having an effective contract
review process.
To solve periodic or intermittent problems in our shops, the first step after identifying the problem is collecting data about when and how often it occurs.