The downside of entrepreneurialism

Companies that employ highly skilled labour often tolerate inherent wasteful practices due to the powerful ‘can do’, entrepreneurial attitude that bright people apply to their work.

Not only can this cause corporate indifference to the sheer hard work it takes to succeed, but it can also mean waste actually grows as clever people enthusiastically create their own solutions to the issues they face.

Profound changes to the structure of business standards based on ISO9001:2000 e.g. ISO9000, 9001, 9004 and sector-specific derivatives such as AS9100, now facilitate better entrepreneurial management: improving innovation and operational effectiveness in the process. They do this by enabling companies to:

  • uncover cost and mitigate the hidden risks caused by enrepreneurialism;

  • optimise the 80% of their operations that are incapable of being automated;

  • create protocols to capture, foster and disseminate best practice, drive continuous improvement and reduce the incidence of sub-optimal practices;

  • extend improvement across the value chain;

  • reduce time to market;

  • create an operational framework and an underlying culture which will guide, drive, support and maintain agility;

  • move way beyond the benefits and limitations of Lean, Kaizen and Kanban.

A new white paper looks at these issues in detail and shows how companies can harness changes inherent in new standards regulations to their benefit. It can be downloaded here

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