Do incremental improvements add, multiply, or something else?
The Endeavour 2024-07-02
Summary:
Suppose you make an x% improvement followed by a y% improvement. Together do they make an (x + y)% improvement? Maybe. The business principle of kaizen, based on the Japanese 改善 for improvement, is based on the assumption that incremental improvements accumulate. But quantifying how improvements accumulate takes some care. Add or multiply? Two successive […]
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