Lean Thinking: Banish Waste And Create Wealth In Your Corporation - Softcover

Expanded, updated and more relevant than ever, this bestselling business classic describes a business system for the 21st century that supersedes Ford's mass production, Sloan's financial control and Welch's strategic dominance. Following Toyota, it combines operational execution with value-based strategies to produce sustained growth. In contrast with the crash and burn performance of companies trumpeted by business gurus in the 1990s, the firms profiled in Lean Thinking - from tiny Lantech to mid-sized Wiremold to niche producer Porche to gigantic Pratt & Whitney - have prospered, largely unnoticed, along a steady upward path through the market turbulence of the nineties. Meanwhile Toyota has set its sights on the leadership of the global motor industry. Lean Thinking clearly demonstrates that these simple ideas can breathe new life into any company in any industry in any country. It offers a new way of thinking, of being and - above all - of doing for the serious long-term manager - one that is changing the world.

James P. Womack is Principal Research Scientist in the Japan Programme at the Massachusetts Institute of Technology and a member of the Transitions Group, a consulting firm based in the USA. Daniel T. Jones is a Professor at the Cardiff Business School and has acted as consultant to a wide and international range of companies operating in Europe. He lives in Hereford.