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Breakingviews - Another cultish cost-saving formula gets off-track

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Breakingviews - Another cultish cost-saving formula gets off-track

Beware the company, or industry, with a one-track mind. General Electric had one for years, consumed by Six Sigma, whose gospel the U.S. conglomerate helped spread to boardrooms far and wide. At Kraft Heinz , the cost-saving dogma was zero-based budgeting, which caught on with other packaged-goods makers and beyond. For North American freight train operators, the obsession is precision scheduled railroading, or PSR.

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Breakingviews - Another cultish cost-saving formula gets off-track

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Breakingviews - Another cultish cost-saving formula gets off-track

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