article thumbnail

How to Boost Your Profits

Strategy Driven

There are over 28 million small businesses nationwide, and a further 22 million that are solely operated. Review operational procedures. There will always be aspects of your operational functions that can be improved upon. Kaizen is not a one-off experience, consistently aim to improve efficiency.

Kaizen 77
article thumbnail

How to Boost Your Profits

Strategy Driven

There are over 28 million small businesses nationwide, and a further 22 million that are solely operated. Review operational procedures. There will always be aspects of your operational functions that can be improved upon. Kaizen is not a one-off experience, consistently aim to improve efficiency.

Kaizen 58
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Case for Investing More in People

Harvard Business Review

In The Good Jobs Strategy , Zeynep Ton, a professor at the MIT Sloan School of Management, demonstrates how the best retail companies align their customer value proposition with their operations strategy and their approach to human capital. Both Kaizen events and Agile sprints are investments in innovation and human capital productivity.

article thumbnail

Capturing the Innovation Mindset at Bally Technologies

Harvard Business Review

These teams have disciplined processes to get the technology to market, generally with a one- to two-year product horizon. We bring to market a steady stream of innovative products and solutions. The Kaizen events create not only fresh ideas but also a spirit of learning and cooperation through the company.

article thumbnail

How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business Review

What’s more, the subsidiaries operated more or less autonomously, each with separate organizational cultures and norms. The Japanese employees, while already fluent with Japanese concepts such as kaizen (improvement) and omotenashi (hospitality), struggled to become proficient in English. Aspiring to a global career.

article thumbnail

It's Time to Rethink Continuous Improvement

Harvard Business Review

Six Sigma , Kaizen , Lean , and other variations on continuous improvement can be hazardous to your organization's health. Similarly, Japan's automobile industry has been plagued by a series of embarrassing quality problems and recalls, and has lost market share to companies from South Korea and even (gasp!) the United States.

article thumbnail

Hierarchy and Network: Two Structures, One Organization

Harvard Business Review

It strives to eliminate anomaly, standardize processes, solve short-term problems, and achieve stopwatch efficiency within its current mode of operating. A market opportunity for tablet computers, for example, is more of a distraction than an opportunity to the hierarchy of a giant PC manufacturer focusing on this quarter's earnings targets.