Generally, improvement projects by themselves do not lead to cash value improvement. They enable cash value improvement by changing how efficiently and effectively we use capacity. As such, it’s important to understand what the limitations of improvement projects are, and what steps managers must take to ensure cash value improvement.
To this point in the book, I’ve talked a lot about this notion of cash value. One important question is, “What is cash value?” This chapter will delve into answering this question by creating a contextual definition of value, discussing where value comes from in the context of improvement projects, and then discussing the path to cash value via capacity improvements. I will do this ...
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