Instant Pudding

W. Edwards Deming is credited with popularizing the term “instant pudding” in continuous improvement. More accurately, he states that there is no instant pudding in CI, and that you should not expect immediate results. He lists this desire for quick and easy fixes as an obstacle to improvement in his Read more…

Indirect Costs

Indirect costs are those expenses that are not directly attributable to a single cost center or cost object (product line, service, etc.) Indirect costs may include shared resources or overhead. Administrative costs, website costs, IT infrastructure, and similar expenses fall into this category. One of the big challenges with indirect Read more…

Investments in People

Investments trade current resources for future gains. The most common forms of investment include: Financial holdings designed to provide a return on investment (ROI) in the form of appreciation, dividends, or interest. Physical holdings intended to appreciate or generate income, such as real estate Physical items used to create other Read more…