Dallas-Fort Worth Real Estate Investor Club

LinkedIn post: 10 rules I have learned about Kaizen

  • 21 Jan 2015 10:29 AM
    Message # 3206369

    NOT part of the post:  Kaizen is the practice of continuous improvement.  One of the most notable features of kaizen is that big results come from many small changes accumulated over time. However this has been misunderstood to mean that kaizen equals small changes. In fact, kaizen means everyone involved in making improvements. While the majority of changes may be small, the greatest impact may be kaizens that are led by senior management as transformational projects, or by cross-functional teams as kaizen events. (from www.kaizen.com)

    Luca Palermo

    Accounting experienced & Lean Kaizen Practitioner

    10 rules I have learned about Kaizen


    It's going to be a very short post. If you have ever attended a lean six sigma course, for sure someone have explained to you what are the basic rules for Kaizen. Indeed, there are several ground rules.

    Mine are recap below. That’s what I have learned so far.

    By the way, you can apply these rules also in your daily life. After all, it’s all about changing attitude first.

    1.      Don’t try to justify the past. Challenge fixed ideas

    2.      Be positive. Think how things can be done instead of focusing on why they cannot be done

    3.      Use data, not theories or guesses

    4.      Use wisdom. Don't jump to conclusions too quickly

    5.      Work smarter not harder

    6.      Set high standards

    7.      Correct failure immediately. 70% now is better than 100% never

    8.      Lead by example

    9.      A team is better than one expert. Involve people

    10.  Identify the root cause

    What are your ground rules?

  • 23 Jan 2015 12:25 PM
    Reply # 3208705 on 3206369
    Deleted user

    I love this post... I especially like #3, #4, and #7... Too often I have seen people who rush things and/or pull the trigger on a deal too quickly because they are excited to have the deal! "This deal is mine", now it becomes an emotional decision and that emotion clouds your business sense. 

    You really have to have a business mind to maximize your success in this field.... It's OK to walk away from a deal that isn't right for you. Do your homework, do your due diligence, and if it's not right, WALK AWAY....   

    Great post! 


    Brian R. Baker, MBA

    Texas Housing Partners LLC. 

  • 23 Jan 2015 6:27 PM
    Reply # 3208923 on 3206369
    Robin Carriger (Administrator)

    I like it too, but I have a cautionary note to add.  Involving others can be a two-edged sword.  Seeking counsel is wise, and there is (hopefully) wisdom in a multitude of counselors.  I highly recommend getting suggestions and opinions from those who are more experienced than you are.  However, adding people to a process unnecessarily can be inefficient and costly.  It can also evoke indecision and analysis paralysis.  Good deals don't stay available for long, so, if you let the grass grow under your feet, you will miss some great opportunities.

  • 24 Jan 2015 1:36 AM
    Reply # 3209056 on 3206369
    Deleted user
    As pertains to real estate investing, I would add....


    11.  Know your strategy.

    Analysis paralysis can cost an investor deals.  Mastering your strategy allows you to pull the trigger on deals with confidence while other investors are still thinking it over.  

    If you're new, collaboration can help develop intelligent strategies and criteria.

    Last modified: 24 Jan 2015 1:38 AM | Deleted user
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