What are some of the changes you’ve seen in business

I have seen a lots of changes in business. When I was a kid the strategies followed were different and now its entirely different from the past. This might be due to the government policies and the development of our culture and trend. I will discuss about the major change that took place withing a couple of years.
A major change—especially in the last half-dozen years—is the impact of what I call the process revolution. And what we find is that revolutionary goals do work. When I was younger, the whole name of the game was the annual business plan negotiation with
the parent company. All the divisions wanted to pare back the numbers, have the plan come in, and then cruise right past it and get a big bonus. That’s the way American business worked for most of the postwar period—an incremental, few percentage points of improvement each year. What we’ve learned with the impact of the process revolution in the 1990s is that you can set and achieve revolutionary goals—breathtaking kinds of numbers. I can give you countless examples in the business world where you set a goal for, like, 100 percent improvement and doubling profit or halving cost and it actually happens.