(Source: Reuters, March 29, 2023)
Beware the company, or industry, with a one-track mind. General Electric had one for years, consumed by Six Sigma, whose gospel the U.S. conglomerate helped spread to boardrooms far and wide. At Kraft Heinz, the cost-saving dogma was zero-based budgeting, which caught on with other packaged-goods makers and beyond. For North American freight train operators, the obsession is precision scheduled railroading, or PSR. Like other cultish management fads, it worked for a while and has now gone too far.
Full story: Reuters