Lean cannot be a replication exercise. Aspirant organisations need to fully understand the scope of lean, the variables that are applicable to them in particular, and chalk out a strategy that would bring in additional value.
Markets everywhere are witnessing the trends of customer empowerment, mass customisation, and disruption. These trends have made products better, more customer-centric, cost-effective and even changed the way businesses are conducted. Lesser lead times for product introductions, shorter product life cycles, fluctuating demand, varying share of businesses, just-in-time (JIT) supplies, and expectance of price reductions annually have characterised business over the past decades and are here to stay.
This story is from the June 2019 edition of Indian Management.
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This story is from the June 2019 edition of Indian Management.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Listen To Your Customers
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The hand that feeds
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Survival secrets
Thrive at the workplace with these simple adaptations.
Plan backwards
Pioneer in the venture capital and private equity fields and co-founder of four transformational private equity firms, Bryan C Cressey opines that we have been taught backwards in many important ways, people can work an entire career without seeing these roadblocks to their achievements, and if you recognise and bust these five myths, you will become far more successful.
For a sweet deal
Negotiation is a discovery process for both sides; better interactions will lead all parties to what they want.
Humanise. Optimise. Digitise
Engaging employees in critical to the survival of an organisation, since the future of business is (still) people.
Beyond the call of duty
A servant leadership model can serve the purpose best when dealing with a distributed workforce.
Workplace courage
Leaders need to build courage in order to enhance their self-reliance and contribution to the team.
Focused on reality
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