In simple
terms, Profit-Ability
is the ability to Produce
Profit. When the ratio of Return over Expenditure is
Positive for any Business Unit, That business unit is
said to be Profitable.
In
simple terms, Empowerment
exists when a person has
the Ability and Authority to take
Action, and
is fully Accountable for
the Results Produced by that Action.
Profit-Ability&
Empowerment Strategies
Are
the Best
Way to:
Reward
Competent People Who Solve Problems BeforeThey Occur...
Develop
Strategies that Comply with Business/Cost Constraints...
Encourage
Correct Action--On Time Delivery, at Least Cost...
Increase
Productivity and Timeliness...
Increase
Profit-Ability AND Profitability...
Guarantee
Customer Satisfaction...
Eliminate
Wasted Action...
Do
this for every Product Sold--For every Service Delivered, Between
each Internal Business Unit, for Every Customer, and Employee
Profit-Ability&
Company Profitability Will
Become One and The Same.
As one drives
the other, even greater gains become possible!
Employee
Profit-Ability
increases when every employee
correctly
improves and evaluates the Profitability of their Skills,
Habits, and Day-To-Day Strategies using Employee Self-Management
strategies.
When employees
are Empowered to directly
understand, manage, and measure the profitability of
their assigned functions, the Profit-Ability
of each employee can dramatically
improve.
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Profitability
depends on individual initiative; a willingness and
opportunity to improve. When people can do this through
shared vision, fairness, and concrete action, their
success becomes a life-style and their gathering becomes
a thriving community---in which continual improvement
is a valued way of life.
What
is Organizational Development?
What is Continual Improvement? |