Tag: Lean Strategy
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A strategic guide for enhancing performance in crises
A comprehensive study of Lean and Financial Control Lean and management control are two powerful tools that can help companies improve their performance and achieve their strategic goals in a crisis context. However, there is still some debate about how to best implement these tools, and what role leaders should play in the process. Leaders…
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How we reduced waste of movement on an industrial site by 87%
How to optimize your process with Lean principles The term Muda is a Japanese word meaning waste. It refers to any activity that does not add value in the eyes of the customer. The Lean approach aims to reduce these wastes through continuous improvement. There are 8 types of Muda: “Eliminating waste is the key…
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A new way of strategic planning for SMEs with Hoshin Kanri simplified
A practical guide to implement a Lean strategy for growth We implemented a Hoshin Kanri approach in X in industrial SMEs. Most operational employees had difficulty perceiving the logic due to its X structure. However, it is essential to the presentation of the manager’s vision and the operational strategic implementation. The first modification to our…
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Hoshin Kanri: Building high performance and results in SMEs across the globe
A tool for aligning vision, goals and actions Hoshin Kanri is a strategic planning model that originated in Japan and is based on the principles of lean management. It is a method of continuous improvement that can help entrepreneurs align their daily work with their long-term goals. It eliminates the waste that comes from inconsistent…
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PDCA: A simple and effective way to refine your strategy and adapt to change
Excellence is not a destination; it is a continuous journey that never ends When you run a company, you face many challenges and uncertainties, especially in times of crisis. You may have to deal with competitors, customers, investors, regulators, employees, and other stakeholders who have different expectations and demands. You may have to make decisions…
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Thriving in times of crisis: The power of Lean and Management Control in SMEs
Crisis-Proofing your business ? Embracing Lean’s transformational power In the world of business, navigating through turbulent times requires a strategic shift. Sustainable growth often faces threats, and organizations can find themselves challenged by stagnation or even a decline in competitiveness. During these periods, societal tensions may rise, and it becomes crucial to adapt strategies for…
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How Lean lost its way. The deviation from the original philosophy
What is the purpose of Lean? Why do we use it? The roots of the Lean philosophy can be traced to Toyota’s manufacturing systems in Japan, inspired by Henry Ford’s flow production in the United States and Eli Whitney’s interchangeable parts (1). The term Lean was coined by John Krafcik in 1988 and defined by…
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The Impact of Lean Maturity on Financial Control Simplification
How Lean maturity simplifies Financial Control Torbjorn Netland (1) explores how Lean Manufacturing affects Financial Control systems and finds that they change after Lean implementation. One of the pillars of the Toyota TPS (Toyota Production System) house is to empower individuals (autonomy) and let teams make decisions on the shop floor instead of remote managers,…
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How financial control can enhance Agility and Value creation
The challenges and opportunities of Financial control in a dynamic and complex environment. The role of management control largely depends on the size and culture of companies, their sectors of activity, the internal and external environment, the strategies deployed, etc. Two aspects are frequently put forward : This rapid evolution of the function poses the…
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Management Control as a strategic tool for value creation
Process for introducing management control in SMEs How do human mechanisms evolve in an SME during the introduction of management control and what are their impacts on the implementation of strategic management in times of crisis? The introduction of a new system often changes group dynamics and increases the doubts and fears of individuals by…
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