Supply Chain: 787 Dreamliner Problems

To understand Boeing’s supply chain problems with its grounded 787 Dreamliners, we can start with Legos. Legos told one reporter that 18 bricks from every 1 million made are defective. If a problem piece is discovered, the company can identify…

Sunk Costs: When to Cut Your Losses?

Several days ago, during a phone call, I was asked to “hold” for a moment. 5 minutes passed. No one returned. I considered hanging up but thought, I’ve already waited 5 minutes. They will have been wasted if I leave.…