The first thing that you need to ask yourself as a manager and/or business owner is:
Are there improvement opportunities in my business?. Think about species evolution, they have been improving since the beginning of time, so evolution or improvement is an species' intrinsic characteristic.
Lean enterprise, simply “Lean” is a practice that considers expenditure of resources only for the creation or addition of value. The resources uncontrolled usage leads to high operational costs which directly
reduces the profit margin simply because the sale price will be established by
the market. Assuming a fixed final sale price, the leaner the process,
the more profitable it will be.
It doesn't matter the business nature, there always will be 4 main variables related to the process, these are: man, machine, method, and materials; also know as the 4M's.
Lean Enterprise techniques will help managing these 4 main variables in order to have a leaner process leading to a more profitable business.
7/18/2012 06:33:33 pm
Great blog, I just created an account here too.
1/28/2023 01:26:24 pm
Very creative postt
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