Author:
Jacob Sajit,Kothandaraman Krishnamurthy
Abstract
Should there be an understanding that rigor in analysis must be out-of-bounds for Lean initiatives? Will this rigor not facilitate a benchmarking of Lean initiatives? Why not a Lean initiative cause-consequence assessment not performed for building future fault tolerance? The effectiveness of a company’s strategy is critical to its success or failure. Lean strategy seems to be claimed as a widely recognized factor for business success and competitive advantage. However, empirical evidences do not promote the idea that Lean has delivered results every time. Study results indicate that success or failure of lean initiatives strongly depends on how companies approach it and on whether company has created their own curated philosophy towards Lean. Then, success is not dependent alone on a strategy, but on how daily operations are aligned to strategy. This chapter aims to address the above questions and a greater number of questions that we experience on a day-to-day basis with regard to Lean applications in the real world. Chapter Learning Objectives: Understanding Lean, Lean failure modes, and Lean initiative precautions.