BY: ROGER TOMLINSON

In the ongoing pursuit of improving profitability, is it more important for a company to reduce costs or increase revenue? The answer to this complex question likely depends on many factors, including the type of company in question, industry trends and market conditions. Each strategy has its own benefits and drawbacks – but which is best for your company?

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Participants will use problem solving tools (5-Whys and Fishbone Diagram) to assist in the continual improvement process with special emphasis on creating and implementing a Lean Business Strategy