Log in | Register | Contact Us | View Cart

 

A Section from "The Continuous Improvement Development Guide"

Volume 3: Starting the Journey >

No comments

Invest Wisely (Principle)

Basic Section Information

Continuous improvement requires investment. Think of it like a rental property. There is an upfront cost to buying it and ongoing maintenance costs. But as the mortgage is paid off, more and more of the rental revenue becomes profit.

If you think of the development of this business management system as a similar investment, you will also have to pay some up-front costs to get bigger future returns. The point of this principle is to make sure that investments align with your business management system. That means investing in people. It also means letting the systems you create drive your investments, not the other way around.

ABOUT CONTINUOUS IMPROVEMENT TRANSFORMATION PRINCIPLES

CI Transformation Principles are the guiding rules that apply to all companies that are trying to make changes. They are similar to natural laws. Learn more about how principles guide your Lean journey in our entry on ‘Principles and Values.’

 

If you like this reference guide, please help us spread the word about it!

This section of our Practical Guide to Continuous Improvement has online content only. Please subscribe to our member updates to get notified when more section options become available.

Leave a Reply

You must be logged in to post a comment.

Copyright © 2009-2016, Velaction Continuous Improvement, LLC | Legal Information