Waste is the best indicator of how healthy a business is. Sometimes it is even better indicator than any business report. Why? Because in any business that are running good, all resources available must be optimised and none left to be wasted. In some cases, all business reports looks good, but waste still exist. In those cases, reports were made well, but not necessarily showing the true picture of the business as when real check will still find waste.
Therefore, the less the waste the better the business is.
The tricky thing about waste is that waste is not always physical waste, but also the waste of time and waste of capability! All of these you can easily find in daily operations, for examples:
- A waiter in a restaurant who is just standing and not responsive or not even paying attention all the tables… is a waste.
- Employee with skill that is not used…. is a waste.
- Relax time that can be seen outside breaks…. is a waste.
- A long endless meeting with no clear decision… is a waste.
- A great concept that is not put on trial…. is a waste.
- A standard that is not enforced in daily work…. is a waste.
And a management process that is not reducing waste….is also a waste. Hence, a good management can be seen from how much waste have left.
the Change Strategist 
so good bro
Any business that are running GOOD, all RESOURCES available must be optimised and none left to be wasted.
Fully agreed James. In good companies waste is more compared to great companies.
Why?
Good companies accept mediocrity.
The characteristics of good companies which accept mediocrity are:
1. Go through slow phase and struggle to grow.
Slow phase is a real indicator of high waste of time… struggle to grow is the impact of more waste time due to business efficiency will provide less right facilities for the workforce and finally they are unable to work productively.
2. Facing business challenge due to growth and performance will continually stagnant.
More waste occured because company will focus on how to patching the business waste, not how to build business effectively.
Let’s see what happened in great companies.
Great companies accept excellence.
The characteristics of great companies which accept excellence are:
1. Go through rapid phase and strive to grow.
Rapid phase is a real indicator of lower waste of time… strive to grow is the impact of less waste in time due to business effectivity will provide the right facilities for workforce and finally they work effectively and be more productive because they love their jobs.
2. Facing business continuity due to growth and performance will continually sustain.
More waste occured because company will focus on how to avoid the waste, not how to build business effectively.
The company can focus to build the business to become abundant organization.
Who makes a company good or great?
I believe that leaders are the root of company.
From my 10 years research on people, culture, and organization, I found that good leaders accept mediocrity and great leaders accept excellence.
The different between good leaders who accept mediocrity and great leaders who accept excellence is:
Good leaders want what they wants, not their team wants. They focused on business efficiency not effectivity. They lead their team members in good ways, causing all team members feel disengaged and voluntarily leave their jobs. More waste right?
Great leaders want what their team wants, not they wants. They focused on business effectivity not efficiency. They lead their team members in great ways, causing all team members fully engaged and continually contribute their jobs.
Related to waste, good leaders make more waste and great leaders make less waste.
My final question is:
Will you settle for being a good leader or will you grow to become a great leader?
Revision:
2. Facing business continuity due to growth and performance will continually sustain.
The company can focus to build the business to become abundant organization.
Sorry for this James… I forgot to delete the copied text.🙏🙏🙏