Tesco
The Lean Turnaround
Book

The Lean Turnaround

How Business Leaders Use Lean Principles to Create Value and Transform Their Company

Art Byrne
McGraw-Hill, 2012

Read or listen offline

  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×

Editorial Rating

8

Qualities

  • Applicable
  • Well Structured
  • Insider's Take

Recommendation

Author Art Byrne, operating partner at the private equity firm J.W. Childs Associates, has been implementing Lean management at various firms for more than 30 years. He discusses how to make the most of Lean’s benefits, including improved profitability, efficiency, productivity and savings plus increased enterprise value. Byrne explains that Lean tactics can transform any service company or factory, but stresses that traditional executives often oppose it. That’s one reason, Byrne says, that fewer than 10% of Lean adoptions succeed. He includes savvy recommendations on how your firm’s Lean proponents – who must include your CEO – can bypass naysayers and make the most of Lean’s streamlined methods.

Take-Aways

  • Lean management evolved from the Toyota Production System.  
  • The CEO plays a crucial role in the full adoption of Lean and must introduce it with a formal, in-person presentation.
  • Lean flies against some traditional business practices.

About the Author

Art Byrne, the operating partner at the private equity firm J.W. Childs Associates, also wrote The Lean Turnaround Action Guide.

Comment on this summary or Comenzar discusión