Eliminating Waste in Business: Run Lean, Boost Profitability

Strategy of Waste

Waste at the Strategic Level Creates Waste Everywhere

There’s only one growth strategy: work hard.

—William Hague

In the business world, we tend to equate growth with success. In both the business and academic worlds, we seem to be obsessed with the fastest growing companies, the largest companies, and the companies that have the most rapid increases in stock price. In fact, public companies traditionally receive high praise and recommendations for investment possibilities because of their capability to deliver rapid earnings growth, along with quickly rising stock prices, despite any real qualitative factors about the true ...