article thumbnail

How to Boost Your Profits

Strategy Driven

The Japanese word ‘kaizen’ translates as improvement, and is the name given to a strategy that works on the principle that all employees work together to improve process incrementally. Kaizen is a valuable mindset to adopt and can dramatically reduce waste and improve a business’s profitability. Regularly review expenditure.

Kaizen 77
article thumbnail

How to Boost Your Profits

Strategy Driven

The Japanese word ‘kaizen’ translates as improvement, and is the name given to a strategy that works on the principle that all employees work together to improve process incrementally. Kaizen is a valuable mindset to adopt and can dramatically reduce waste and improve a business’s profitability. Regularly review expenditure.

Kaizen 58
article thumbnail

5 Questions That Will Help You Stay Ahead of Your Disruptors

Harvard Business Review

They see disrupted incumbents from retail, finance, health care, transportation, professional services, and manufacturing requiring radical restructuring of assets, productivity , and innovation. How best to draw actionable inspiration from Grove? Which user experiences consistently generate the best returns?

Levitt 8