Business Optimization Process
I have been spending some time recently looking at how you can improve your business's performance. There are essentially two major categories:
- Business optimization (or continuous improvement)
- Major innovations (totally changing what you do and/or how you do it)
Major innovation is not always easy, especially for established industries and businesses. And even when you introduce a major innovation that shakes up your industry or leaps you in front of the competition (i.e. creates a blue ocean); there is usually a follow-on phase of business optimization.
One thing common across all types of business improvement, no action = no results. To manifest your vision […]