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Companies urged to focus on continuous improvement

13 July 2010
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Companies urged to focus on continuous improvementFirms should not wait for an economic upturn, but should instead concentrate on ways in which they can reduce costs, cut waste and enhance efficiency.

This is the opinion expressed by John Timpson in an interview with the Daily Telegraph, in which he stated: "To keep ahead of the competition you must look for continuous improvement."

Chief executive of the Timpson chain of high street key cutters and cobblers, he explained that healthy balance sheets improve the long-term prospects of an enterprise, something that may interest those concerned with operations management.

The company head also noted that all organisations are facing the same difficult conditions and recommended that bosses remain positive but open about the conditions of the business.

His comments follow recent remarks made by Business News editor Michael Baxter, in which he advised companies to look to eastern markets such as China in order to take advantage of developing economies and boost exports in the wake of the recession.ADNFCR-3058-ID-19887343-ADNFCR
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