In General, It Is Better to Have a Higher Return

question 85

True/False

In general, it is better to have a higher return on investment (ROI) than a lower one.

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Definitions:

Reactive Change

Change that occurs after external forces have already affected performance

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance, such as cost, quality, service, and speed.

Six Sigma

A set of principles and practices whose core ideas include understanding customer needs, doing things right the first time, and striving for continuous improvement.

Continuous Improvement

An ongoing effort to enhance products, services, or processes, often involving incremental and breakthrough improvements.