Lean Thinking: Banish Waste and Create Wealth in Your Corporation, 2nd Ed Audiobook (Free)

Expanded, up to date, and more relevant than ever, this bestselling business classic by two internationally renowned management analysts represents a company system for the twenty-first hundred years.

Expanded, updated, and more relevant than ever before, this bestselling business classic by two internationally renowned management analysts details a business system for the twenty-first century that supersedes the mass production system of Ford, the financial control system of Sloan, as well as the strategic system about Low fat Thinking: Banish Waste and BUILD A FORTUNE inside your Corporation, 2nd Ed of Welch and GE. It is predicated on the Toyota (lean) model, which combines operational quality with value-based strategies to produce steady growth through an array of economic conditions.

In contrast with the crash-and-burn performance of companies trumpeted by business gurus in the 1990s, the firms profiled in Lean Pondering — from tiny Lantech to midsized Wiremold to niche producer Porsche to gigantic Pratt & Whitney — have continued keeping on, largely undetected, along a steady upward path through the market turbulence and crushed dreams of the first twenty-first century. On the other hand, the first choice in lean considering — Toyota — offers set its sights on leadership of the global automobile industry within this decade.

Instead of continuously reinventing business models, slim thinkers get back to basics simply by asking what the customer really perceives as value. (It’s not at all what existing organizations and assets would suggest.) The next thing is to fall into line value-creating activities for a specific item along a value stream while removing activities (usually almost all) that don’t add value. Then the lean thinker creates a movement condition where the style and the product advance efficiently and rapidly in the draw of the customer (as opposed to the push from the producer). Finally, as stream and draw are implemented, the lean thinker boosts the routine of improvement in search of perfection. The initial part of this book describes each of these ideas and makes them stand out with striking examples.

Lean Thinking clearly demonstrates these simple ideas may breathe new life into any business in virtually any industry in virtually any country. But most managers need guidance on steps to make the trim leap in their strong. Part II offers a step-by-step action plan, predicated on in-depth studies greater than fifty slim companies in an array of industries across the world.

Also those readers who believe they have embraced slim thinking will quickly realize partly III that another dramatic leap can be done by creating an extended lean enterprise for each of their product families that tightly links value-creating activities from recycleables to customer.

In Part IV, an epilogue to the initial edition, the story of low fat thinking is brought up-to-date with a sophisticated action plan based on the experiences of a range of lean firms since the unique publication of Trim Thinking.

Lean Thinking will not provide a fresh management ‘program’ for the one-minute manager. Instead, it offers a new method of thinking, to be, and, above all, to do for the serious long-term manager — a method that is changing the globe.