In the face of inflation and a likely economic downturn, organizations are announcing potential layoffs and other belt-tightening plans. Regardless of industry, leaders are seeing a need for cost cutting, efficiency, and focused improvement. To wisely invest limited operational improvement resources, organizations often create a set of criteria to drive the selection of improvement projects and determine how best to allocate time, people, and financial resources. In doing so, beware of one common pitfall. [Read more…]