“It simply means focusing on small changes to everything in the business one per cent at a time,” Dave Hughes, pre-sales director UK at PTC, says. “There is still a time and place for broad sweeping transformation change, but it is risky. By concentrating on making multiple incremental, one per cent improvements, the compound effect will be significant while avoiding the risk of considerable upheaval.”
The principle came to public attention through, Sir David Brailsford, the performance director of British cycling. The whole principle came from the idea that if you broke down everything you could think of that goes into riding a bike, and then improved it by one per cent you will get a significant increase when you put them all together. It certainly worked with the UK cycling team topping the medals table with 12 medals. Including eight golds.
“Internally, we have discussed Dave Brailsford and how he challenged the notion that massive success can only...