The survival of any organization depends upon its competitive edge. Even though Lean is one of the most powerful quality improvement methodologies, nearly two-thirds of the Lean implementations results in failures and less than one-fifth of those implemented have sustained results. One of the most significant tasks of top management is to identify, understand and deploy the significant Lean pra...

The State and Territory Competition Policy Reform Acts of 1995 applied the competitive conduct rules to Australian professions, including the medical profession, for the first time. The competitive conduct rules are basically the prohibitions on restrictive trading practices contained in Part IV of the Trade Practices Act. As the medical profession was effectively sheltered from the operation o...

Performance is critical for every listed firm, as it enhances shareholder’s value and capability to generate earnings from invested capital. Some of the firms listed on the Nairobi Securities Exchange (NSE) have been performing poorly as indicated by the rising number of firms issuing profit warnings. The competitive business environment is continuously working to drive down the rate of return ...