Enterprise Excellence
Stenzel (94) holds that enterprise excellence is not only dependent on the tangible assets which are the focus of accounting practices. Human assets are part of the resource in an organization that contribute to the excellence of the enterprise. The concept of employee competence is important in lean performance. Stenzel (94) illustrates this argument by citing the financial turnaround at Sears following the huge financial losses that the company suffered in the 1990s as a result of focus on the development of employee competencies. Employees who are highly competent can perform their responsibilities with more effectiveness. The resultant effect ...