Date Added: Apr 2010
The key to your personal success and the overall success of your business rests in your continued ability to improve your processes. To improve a process, you need to design it so that it has a specific outcome and then measure the success of that outcome. You'll do that by measuring what you're doing (the expenditure of resources) against the result you're getting (the value). From there, the work is to simplify the process until you're getting more of what you want with less effort and cost - that's lean, elegant and parsimonious (word of the day - in this case, it means use of the simplest or most frugal route).