Continuous improvement - managing the risk successfully.
Summary
A company's ability to continuously improve depends on a corporate culture that fosters creativity and action. This entails management's ability to balance risks and innovation, adopt a system of accountability and communicate expectations and goals to employees. It also involves cooperation between departments wherein selected managers and employees perform tasks which are assigned to them and are essential for the completion of a project.
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Continuous improvement - managing the risk successfully.
Central to an organization's ability to continuously improve is a culture which encourages innovation and action. By their very nature, innovation and creativity are risky. No guarantees exist to ensure that new ways of doing things will be successful. For organizations this movement toward change often results in the introduction of controls and structures, in other words, some measure of accountability.
Accountability is c...See the full content of this document
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