Everything is reducible to ROI. Getting the best return on investment in as little time as possible. Investment = capital and/or labor
Work / time = value
Creating your workflow process.
Identifying constraints/bottlenecks.
Ensuring there is optimal flow= reducing time
Basically streamlining algorithms
i.e. A series of functions.
A function is an algorithmic process: inputs to create outputs.
Every individual/machine/technology is assigned/responsible for a function.
An organization is only as strong or successful or profitable as its weakest performing function, I.e. bottlenecks.
You increase the power of a function through capital investment:
Human capital/more skilled labor
Better machines
Better Management practices
But the goal is always:
Profitability.
This is dependent on time scales.
The key is long term ROI.
The ability to generate ROI is a function of value.
William Dare 