Sometimes it's more difficult to achieve a 10% cost reduction than it is to tell people they have to achieve 50%. Small incremental steps block your view of doing something fundamentally different.
Sentiment: NEGATIVE
Here is the surprising truth: It's often easier to make something 10 times better than it is to make it 10 percent better.
When you try to do something ten per cent better, you tend to work from where you are: if I ask you to make a car that goes 50 miles a gallon, you can just retool the engine you already have.
I'm grasping with how you do something on a large scale with multiple operations and not have quality decrease.
I think one key part of doing more with less is to be more strategic, to realize what the objectives you're truly trying to accomplish are and then to drive with greater focus towards those objectives.
Cutting prices or putting things on sale is not sustainable business strategy. The other side of it is that you can't cut enough costs to save your way to prosperity.
Small businesses want things streamlined, and one of the great successes we're having is less paperwork, faster turnaround times.
When you're in a turnaround situation, you cannot incrementalize your way out of it.
Sometimes making progress a step at a time is better than no progress at all.
I've become fascinated by the idea that it's really achievable to make two or three small improvements in a week and by the end of the year, it's 150 improvements.
There are companies that are cutting their costs by over 50% by offshoring.
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