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The ripple effect
by Keith Ferrell
Big or small, changes in business structures and processes make an impact on a company. Not convinced? Consider a calm pond. A single drop of water hits the center and soon the pond is covered with the concentric circles left by one drop impacting many, many others.
One drop may not seem like much. But when its effects are multiplied, it can make all the difference in the world. It's the same with your business. Small actions—even a simple change in perspective or measurement techniques—can revive languishing areas of a business and offer new opportunities for growth.
But how to discover which actions will have the greatest effect? How can a business determine which droplets will lead to business benefit and which will just dry up? The answer is ROI—determining from the outset the costs and benefits of each action your business takes. Done properly, this can turn tiny droplets into streams of possibility for your entire enterprise.T
© Teradata Magazine-Special Report November 2005
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