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Redefining Operational Excellence by Andrew Miller

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CHAPTER 7

OPTIMIZING SPEED MAXIMIZES PROFITABILITY

WE OFTEN DONT ASSOCIATE OPTIMIZING speed with impacting profitability. More often than not, organizations just focus on doing things faster. There are a time and a place for moving faster, but the best organizations know when to move faster, when to slow down, and when to maintain their speed. This chapter introduces the concept of optimal enterprise velocity and demonstrates why it’s important to manage the speed at which your organization does business in order to maximize profitability and performance.

DETERMINING OPTIMAL ENTERPRISE VELOCITY AND RESPONSIBLE SPEED

You may have heard the phrase, “Stop and smell the roses.” This phrase is a good way to describe what many organizations need to ...

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