In the lean approach, companies are taught that prices are set by the market and that one way to improve profit margin is to reduce costs. This thinking flies in the face of "cost plus" thinking, where we look first at our own costs and set prices based on our desired profit margin. The reality is that most companies whether manufacturers or hospitals, do not have market power to set prices as they wish.
MG
Author
Mark Graban
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About Mark Graban on QuoteMust
Mark Graban currently has 3 indexed quotes and 1 linked works on QuoteMust. This page is the canonical destination for that author archive.
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Lean Hospitals: Improving Quality, Patient Safety, and Employee Satisfaction
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