University of Minnesota - UMN Executive Leadership Insights
Turn Waste into Wealth
Book

Turn Waste into Wealth

How to Find Cash in Every Corner of the Company

Mark C. DeLuzio
Maven House Press, 2015
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Editorial Rating

8

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Recommendation

Consultant Mark DeLuzio explains where to find hidden value in your organization as he teaches the principles of lean management. The concept of lean calls for improving both as a person and a business. Exemplifying the lean philosophy, DeLuzio presents its fundamental principles and processes in brief chapters that explain a new concept, and offer an action checklist and a case study. DeLuzio covers how to use lean as a philosophy for embracing change, increasing revenue and solving problems. getAbstract recommends this to-the-point manual to executives, managers, consultants and small-business owners who want to know more about lean concepts.

Summary

Becoming a Lean Company

The purpose of lean management is to find problems that plague an organization and create solutions that increase profits. Lean is not a fad, and it won’t provide wealth if you treat it like a passing trend. Consider 11 factors that contribute to a positive lean culture:

  1. Leader participation– Every manager must believe in the lean process for it to succeed.
  2. External review – Contract for an external assessment so you can see your overall situation. A consultant can guide a company on the path to becoming more lean.
  3. Communication – After accepting a lean plan for change, communicate the new strategy for success to every employee.
  4. Lean language – Introduce all company staff to lean terminology.
  5. Fresh leadership – Lean leaders help build a lean culture. Train current managers and hire new managers who understand it.
  6. Individual ownership – Urge employees to take responsibility for their work so they feel a personal sense of engagement, support...

About the Author

Mark C. DeLuzio designed the Danaher Business System before becoming the founder and CEO of Lean Horizons Consulting. He gives speeches worldwide about the lean system.

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