Lower Costs

We lower your operating costs by 15% or more.

Your Search is Over

From the beginning, Renshi has focused on lowering company costs. Sustaining these cost reduction improvements is imperative. Experienced entrepreneurial performance management coaches guide your employees to these achievements.

You may be in Manufacturing, Oil & Gas, or any other employee intensive industry. It doesn’t matter. Renshi’s results will impress.

Finally, a simple and natural way to improve employee engagement and idea flow.

Your leaders learn on site, in the moment, when they are most busy with real work. This is when they learn. This is when they change.

We believe in

Creating Doers,

not Followers

What you learn

Coaching skills

Coaching like you’ve never seen before.
Pull not Push.
Listening.
What’s preventing you from …?
Z

GTD

Getting Things Done.
Capturing Ideas.
Action on Ideas.
Tracking Results.

Thinking

Thinking About Thinking.
Articulating Effectively.
Problem Solving.
Heuristics.

We believe its

all about you

What you achieve

Sure you get lower costs. You also get sustainability. So what is sustainability? Your people are doing things. They are creating and pushing ideas to you. More ideas = lower costs. They are not waiting for you to tell them what to do. Opportunities are being acted upon. They are not missed. Employees are using metrics to analyze their business. Not because they have to. Because they want to. They enjoy getting things done and want to do more.

Finally, a natural, sustainable way to achieve lower costs, better safety, and ideas.

When your employees get things done it feels good. They want more. All this results in lower costs, better safety, more ideas, and profit.

What We Do

At Renshi we understand every company is unique, has hidden ideas ready to release and wants to do a good job.

We release ideas and achieve goals. We do this by pulling those ideas from your employees rather than pushing ours. We track your teams’ progression towards goals and provide positive recognition.

We do this by inserting full-time Performance Management Coaches (PMC’s), into your operation.

When the ideas start flowing – great things happen.

Costs reduce and employee involvement increases. It becomes easier to attract and keep those great employees.

Reviews & Endorsements

Renshi Testimonial

“Renshi worked with our leaders building their confidence. The number of new cost reduction ideas implemented is astounding. +$20 million in savings.”

– Timmy Walker, VP Operations

Reviews & Endorsements

Renshi Testimonial

“My divisions weren’t communicating. In under 6 months Renshi got them talking. Things got done. Engagement improved. Our gross magin increased 12%!”

– Anne Hoffman, CEO

Reviews & Endorsements

Renshi testimonial

“Renshi is different. They didn’t come in and tell us what to do. They taught us how to make things happen. How to get things done. Employee ideas and action have driven down costs by over $15 million”

– Lester King, VP Operations

Reviews & Endorsements

Renshi testimonial

“I brought Renshi in to improve our leadership acumen. They did that and more. My leaders are now generating ideas and getting things done. Before I had to keep asking for input. Not any more.”

– Lyle Drake, President

Reviews & Endorsements

Renshi testimonial

“We needed drastic cost reduction to stay competitive. Renshi taught our leadership team how to generate, capture and implement ideas. We are now the industry leader in cost performance.”

– Ikraam Ahmad, CEO

Reviews & Endorsements

Renshi testimonial

“We were growing rapidly. Renshi helped our leadership team handle the growth by getting things done. Our costs fell by 5%.”

– Amber Oliver, President

Operational Cost Performance Blog

The Socratic Method and How to Use It

The Socratic Method and How to Use It

 

The Socratic Method is named after the famous Greek philosopher Socrates. Socrates lived in the 5th century BC.
So you thought all business ideas where new!
The Socratic Method is also known as Socratic Questioning.
You use Socratic questioning to pursue thought in many directions.
It includes:

  • the exploration of ideas,
  • the uncovering of the truth or preconceived assumptions,
  • making the distinction between knowns and unknowns,
  • analyzing concepts,
  • following out logical consequences,
  • etc.

The Socratic approach is based on highly-disciplined, thoughtful dialogue. Socrates used it to help his students examine various ideas. He also used it to determine the validity of ideas. It limited the risk of falling prey to all sorts of logical fallacies. The teacher pretends to have no prior information about the subject. This method allows students to develop the most amount of knowledge for themselves.

It is an effective way to explore all sorts of ideas in-depth. The Socratic method can be used at all levels and different points within a given unit or project.

People can learn vital critical thinking skills, by:

  • debating,
  • analyzing, and
  • evaluating content,

through their thinking, as well as the thinking of those around them.

 

Tips for Using the Socratic Method:

  • Plan significant questions that will provide direction to the conversation.
  • Allow at least 30 seconds for people to respond to your questions.
  • Follow up on their responses.
  • Do not forget to ask probing questions.
  • On occasion, summarize the key points in writing.
  • Draw as many participants into the discussion as possible.
  • Leave participants to discover the knowledge on their own through the probing questions that you ask.

Examples of Questions used in the Socratic Method

 

Clarification Questions

  • What do you mean by…?
  • Could you explain that a different way?
  • hat’s the main issue here, in your opinion?
  • Can you provide an example here?
  • Could you expand on your point further?

Probing Questions

  • How can you verify or disprove this hypothesis?
  • What could we expect, instead?
  • Why is this question so important, in the first place?
  • Why do you think that?
  • What assumption can we draw from this question?

Reason and Evidence Questions

  • Why do you think this is the case here?
  • What sort of extra information is required here?
  • Could you explain your reasoning?
  • Is there a reason to doubt this evidence?

Source Questions

  • Is this idea your own, or have you heard it somewhere else?
  • Has this always been your point of view?
  • Have something or someone influenced your opinion?
  • What made you feel this way about the issue?

The Process

The significant difference between the Socratic method and regular discussions is that the former seeks ways to draw out first principles actively and systematically. The Socratic method usually follows this process:

  • Clarifying your thinking and explaining the origins of your ideas. “Why do I think this?”
  • Challenging assumptions about the topic. “How do I know this is true or not? What if I thought the opposite?”
  • Searching for proof. “What evidence do I have to back this up?”
  • Alternative perspectives. “What may others think about this?”
  • Examining the consequences and implications. “What if this is not the case and I am wrong? What would be the consequences if I am wrong?”
  • Questioning the original questions. “Why did I think like that before? Was I correct, to begin with? What conclusions can I draw?”

Conclusion

The level of questions asked influences the level of thinking that occurs during this type of process. With this in mind, it could take some trial-and-error before perfecting the process, but it will be worth it in the end.

First Principles Thinking – How It Helps You Reason for Yourself

First Principles Thinking – How It Helps You Reason for Yourself

 

First principles thinking is a highly-effective strategy. It can help someone break down complicated problems and generate original solutions. By extension, this strategy is also the best approach to learning how to think for yourself.

In short, a first principle is the most fundamental assumption about a given subject, that you cannot deduce any further. Or how Aristotle put it more than two millennia ago “the first basis from which a thing is known.”

Rene Descartes, a well-known French philosopher, mathematician, and scientist from the 17th century, also embraced this approach. Known as the Cartesian Doubt, his method was to, doubt everything he could question until he was left with the most basic, indubitable truths.

In other words, the first principles strategy is a way for people to think like a scientist. You drop all preconceived notions. You don’t assume anything. You strip ideas to their most basic elements.

The further down you go, the more accurate your solution will be. Even so, when put in practice on a day-to-day level, you don’t need to strip an idea down to the atomic level. You only need to go a couple of extra levels beyond what other people are doing. The reason for this is that the further down you go, the more different opportunities you have besides those already established.

The First Principles Thinking Strategy and Entrepreneur Elon Musk

To better put things into perspective, let’s take a look at entrepreneur Elon Musk. He began his journey in 2002 to put people on Mars. As with every other such idea of this size, Musk ran into a significant problem almost as soon as he started.

As he was looking around the world for a rocket to buy, he realized that the average price was around $65 million. $65 million is an astronomical cost. So Musk began to apply the first principles of thinking strategy.

“I tend to approach things from a physics framework,” said Musk. “Physics teaches you to reason from first principles rather than by analogy. So I said, okay, let’s look at the first principles. What is a rocket made of?”

Aerospace-grade aluminum alloys, plus some titanium, copper, and carbon fibre. Then I asked, what is the value of those materials on the commodity market? It turned out that the materials cost of a rocket was around two percent of the typical price.”

So, instead of going ahead and buying a $65 million rocket, Musk decided to buy the raw materials. He then built the rocket for himself. It is how SpaceX came into being. After several years of research, SpaceX was able to cut the price of launching a rocket by a factor of 10. Even then, SpaceX still made a profit.

Musk used first principles thinking to bring the entire scenario to its essential elements. Musk avoided the high prices set by the aerospace industry. He came up with a more efficient solution than anything before that existed.

Conclusion

By using this thinking strategy, Elon Musk was not only able to lower the price of a rocket but also revolutionize the entire spacefaring industry. By breaking up the concept into its fundamental parts, he was able to reconstruct the idea in a much more efficient and productive way. This reconstruction made space travel something more achievable than it was before.

 

 

How Blind Spots Affect Your Life and How to Eliminate Them

How Blind Spots Affect Your Life and How to Eliminate Them

Every one of us is at the center of our universe. In other words,

the reality is what we make it,

We base every thought, idea, or decision that we take on how we perceive the world around us. It is what led Warren Buffet to say that

“what the human being is best at doing is interpreting all new information so that their prior conclusions remain intact.”

It is why most of us believe that we know ourselves better than we do. All the while overrating or underestimating others. Many of us are completely unaware of the impact we have on other people, or what affect others have on us.

It was former U.S. Secretary of Defense Donald Rumsfeld who once talked about

“known knowns,”

“known unknowns,” and

“unknown unknowns.”

The first two are somewhat self-explanatory. It’s the last one that keeps us from experiencing real happiness and success. These so-called unknown unknowns are our blind-spots. (our weaknesses that we are not even aware of,). It’s only through self-awareness that we will ever be able to overcome them.

Blind Spots Across the Corporate Ladder

Conventional wisdom will have us believe that

the higher we climb the corporate ladder, the more self-awareness we will encounter.

Still, Travis Bradberry, author of Emotional Intelligence 2.0, says that

We find peak emotional intelligence (EQ) in the middle management positions.

Middle managers are the most level-headed.

The titles of director and above, are plagued by “the lowest EQ scores in the workplace,”

Among the most common leadership-position blind spots, are things like

being afraid to ask for help or

being unaware of how you affect others.

Also, having an:

  • I know everything attitude,
  • conflict avoidance,
  • refusing responsibility by blaming your circumstances,
  • treating commitments casually,
  • conspiring against others,
  • not taking a stand on anything,
  • low standards on performance,
  • etc.

How to See and Eliminate Your Blind Spots

Being self-aware about your thoughts and actions is an excellent way to rid yourself of any blind spots that you may have. There are several ways to approach the issue.

Surround Yourself with Diverse Thinkers

Every person should strive to learn more. It is a wise choice to surround yourself with a variety of learned people. These people have different perspectives, experiences and approaches on how to solve problems.

Identify Patterns by Examining Your Past

To better understand and identify your blind spots, you will have to examine your past. Look for repeating patterns. Ask yourself what feedback have you received from advisors about your decisions. How have you succeeded as a leader and where have you struggled the most? What situations resulted in desirable or undesirable results?

Identify the Triggers

Each one of these blind spots is “triggered” by a specific situation. These triggers cause us to react without even thinking instinctively. Knowing what these triggers are is a critical step in eliminating these blind spots. They could be events, circumstances, or people.

Have Someone Hold You Accountable

Once you’ve identified your blind spots, have a trusted friend hold you accountable. Have them do this every time you repeat them. It is through practice that we will rid yourself of these habits. They are well ingrained in our consciousness. Thus we will continue to do them even after their identification. That is why practice is essential.

Conclusion

Self-awareness is a journey that will continue for the rest of your life. If you ever reach a point where you believe you know yourself, you are, in fact, blind. The point of self-awareness is to identify your unknown unknowns. If you think that you know everything, point to the exact opposite.

The only true wisdom is in knowing you know nothing.

Socrates

Customers

Bruce Power logo
Tetra Pak Logo
Bank of America Logo
Wrigley Logo
Nabors Logo
Rogers Logo
Conoco Phillips Logo
renshi, sustain, sustainability, operations, improvement, cost, reduction, leadership,clients,manufacturing,construction,chemicals,Oil,Gas,Oil & Gas,agriculture,food,engineering,power,power generation,generation,transmission,distribution,retail,software,drilling,hotel,transportation
Kraft Logo

We Stay With You

After our contract ends we check back with you every six months. We do this to answer questions.

These visits sustain your achievements.

Industries

Construction

Roofing Consturctions

EPC

EPC

Manufacturing

Manufacturing

Oil & Gas

Oil and Gas

Agriculture

Agriculture farm

Telecom

Telecom Towers

Power Utility

Power Utility

Chemical

Chemicals

Financial

Financial New York Stock Exchange

A Few of Our leaders

Martin Mendez, Director - Houston

 

Sanjana Pillai, Director - Toronto

 

Joseph Kramer, Director-New York

 

Tony Nash, Director - Seattle

 

Ervin May, Director - Chicago

 

Philip Uglow, Founder

 

Lower Your Costs

We know you, and your team are smart. We know you are unique.

At Renshi, our focus is to draw out that intelligence. Get people articulating new ideas. Acting on them. Measuring them.

Getting things done.

When that happens, you’ll see employee engagement rise and costs fall. Remember, Renshi never leaves you. We are there to answer questions years after we leave.

It’s all about you.

OFFICES

2007

Founded in Calgary

100

Employees

8

Markets

Founded in 2007 with headquarters in Houston and Calgary, Renshi has grown to over 100 employees. Customers recognize us as their best company to work with.

You can find us in 8 cities across the U.S., and Canada.

Calgary

Renshi Ltd.
804 – 1110- 11 Street SW
Calgary, AB, Canada, T2R 1S5
1-509-283-7948
info@renshicon.com

Chicago
Renshi Ltd.
111 W. Jackson, Suite 1700
Chicago, IL, 60604
1-509-283-7948
info@renshicon.com

Houston
Renshi Ltd.
Pennzoil Place
700 Milam, Suite 1300
Houston, TX, 77002
1-509-283-7948
info@renshicon.com

New York
Renshi Ltd.
One Liberty Plaza
165 Broadway, 23rd Floor
New York City, NY, 10006
1-509-283-7948
info@renshicon.com

Seattle
Renshi Ltd.
Seafirst Fifth Avenue Plaza
800 Fifth Avenue, Suite 4100
Seattle, WA, 98104
1-509-283-7948
info@renshicon.com

Toronto
Renshi Ltd.
439 University Ave.
Toronto, ON, Canada, M5G 2N8
1-509-283-7948
info@renshicon.com

Vancouver
Renshi Ltd.
1500 – 701 West Georgia Street
Vancouver, BC, Canada, V7Y 1G5
1-509-283-7948
info@renshicon.com

Washington
Renshi Ltd.
1050 Connecticut Avenue, NW, Suite 500
Washington, DC, 20036
1-509-283-7948
info@renshicon.com

Don't miss out!

Join our Operational Cost Improvement Blog.

We send you actionable cost-lowering operational performance ideas about every 2 weeks.

You have Successfully Subscribed!

lower cost icon

Lower Your Costs!

Thanks for contacting us. We'll email you some valuable cost saving ideas.

Thanks! Your cost-saving information will be sent shortly.