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Executive Summary
Find out why the
majority of companies today are either not fully implementing
Lean and/or Six Sigma and why most are disappointed in some
important way. Learn what your alternatives are.
This
paper provides insights into a wide range tools, methods, and
processes for increasing corporate profits.
It cuts through the popular hype to the essence of the
financial and non-financial considerations for seven
significant types of methods representing the full range of
methods in use today.
These types are categorized and exemplified as follows:
1.
Downsizing
2.
Employee Suggestion Programs
3.
Cost Reduction Projects
4.
Cost Reduction Process
5.
Total Quality Management
6.
Lean
7.
Six Sigma and lean/Six Sigma
(the real story)
8.
Profit Improvement Process
This
research and discussion break down the barriers between fact
and fiction to help the reader sort function from fad.
High profile press attention
does not guarantee that any particular method is either
effective or appropriate for an organization. The worst choice, however, is to do nothing while the world
changes around you.
An
improperly selected or supported method, however, may cost
more than it produces. Collateral damage from
methods such as downsizing can be extreme to the point of
corporate failure. Companies
are often worse off after their attempts at improvement.
No company has ever cut its
way to growth. Balance
is difficult but vital: “Pursuing new growth is no excuse
for neglecting core-business excellence.
But watch out for the trap at the other extreme: using
the focus on core operations as an excuse to defer serious
new-growth moves. This
can easily become a permanent state of mind as management
fixates on a stream of quality and productivity initiatives,
squeezing out ever-smaller returns from the same core business
and neglecting the foundation of the company’s future.
It’s a delicate balancing act, and mastering it is
the key to long-term growth. [1]
”
A
properly selected and well installed profit improvement method
or initiative can benefit any organization no matter what type
of company, what growth stage it is in, and what the current
profitability is. The
case is made for a balanced approach that accommodates
innovation and revenue growth.
This report contains
what you need to know to make the best management
decisions you can for the future of your company.
*The electronic copy of "Profit Improvement
Executive Analysis" is password protected and print disabled.
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