Kaizen – Continuous Improvement – Japanese Term
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Having a plan is a “must” when assessing political(chapter 10), as MNCs enter a new market there is insecurity, since mistakes can be translated into major setbacks, perhaps, understanding the plan, listing all the things you have to do in order to be successful, in addition not to forget the “fundamentals,” in this case the “political risk,” companies adjust their strategies, and practices to accommodate to the new perspectives and actual requirements.
Lou Holtz emphasizes on getting your people involved, becoming part of the organization, this topic relates to “empowerment” from chapter 11, which is the process of giving individuals resources, information, and decision making power “authority”, as a manager you must be aware of the importance giving credit to the one that help you succeed. -“It is a fine thing to have ability, but the ability to discover ability in others is the true test.”–Lou Holtz
Continuous improvement or “Kaizen” a Japanese a term from chapter eleven, relates to one of the key aspects for a successful organization, “Attitude” Lou Holtz highlights the importance of a positive attitude when entering a new market-new challenges, the Attitude of how to approach the goal will determine the success or failure, therefore the importance of remaining positive at all times- change is eminent. “The man who complains about the way the ball bounces is likely the one who dropped it.”–Lou Holtz
Leaders are typically responsible for dealing people with different backgrounds, therefore different personalities, some of them high egos, this becomes a challenge to get everyone together and to work as a “one”, this topic relates to internal control from chapter 11, where the focus is on self, function, ones own group, and ones own organization, this brings back the basic principles of the golden rule of: trust, care and commitment.-” On this team, were all united in a common goal: to keep my job.”–Lou Holtz
When making teams it is important, for the members to understand the goals, how to get there and how will they benefit. Everyone is unselfish as long as the goal gets done. The decentralization of power, the sharing of management responsibilities with appropriate members this topic relates to the factors affecting decision-making authority from chapter eleven, where a number of factors will influence managers conclusion about retaining or delegating decision making to a subsidiary, to highlight one of the major concerns is how efficient are which are put in place, the size of the company plays a major role in this realm.