A performance improvement is a focused change initiative to serve this purpose by enhancing productivity and efficiency. The change initiative normally affects one or more functions in the organization. Although these initiatives are not transformational in their nature, they are important keys to drive evolutionary change.
There are many types of performance improvement initiatives. Typical initiative objectives are margin enhancements, efficiency improvement, increased asset utilization or cost reductions. Performance improvement for us means optimizing an organization’s existing assets and way of working.