The Lean Turnaround: How Business Leaders Use Lean Principles to Create Value and Transform Their Company

by James Womack

Overview

"With 30 years of accumulated experience, Art Byrne is one of the rare few people who can speak with authority about the pitfalls of fi nancial measurement systems, the importance of respect for people, the power of Lean in the marketplace, and the leverage from organizing people around value streams. When he writes 'Go to the Gemba and Run Your Kaizen,' we must take heed." — MASAAKI IMAI, bestselling author of Kaizen and Gemba Kaizen

"In this wonderful and important book, Byrne shows us that Lean management, understood and practiced correctly, consistently delivers spectacular results." — BOB EMILIANI, author, Better Thinking, Better Results, and Professor, Connecticut State University

"A compelling picture of how Lean techniques and attitudes enable CEOs and senior executives to create a culture for transforming a company and putting it on a highperformance path." — JERRY J. JASINOWSKI, former President of the National Association of Manufacturers

"Art Byrne provides real-world examples of how he exhibited the wisdom and courage to do the right thing, improving work practices at all levels of the organization to deliver the right results for all stakeholders. Which comes first, the wisdom or the courage? Read The Lean Turnaround to find out." — JOHN SHOOK, Chairman and CEO, Lean Enterprise Institute

"Lean is the closest thing to magic I have experienced in my 40 years in business. I recommend Lean and this book to everyone responsible for the performance of a business, particularly those in private equity like me, where leverage magnifies the importance of cash." — JOHN CHILDS, founder and CEO, of J. W. Childs Associates L.P.

"A must-read for any leader interested in understanding the strategic advantages from focusing on activities that add value to the customer experience." — GARY S. KAPLAN, MD, Chairman and CEO of the Virginia Mason Health System

Few business leaders in the world have applied Lean strategy as successfully as Art Byrne has—and none has the ability to explain how to do it with such succinctness and clarity.

Famous for turning around the wire management company Wiremold, where he rethought every aspect of operations from the customer's standpoint—and got everyone else in the company to do likewise—Byrne has successfully implemented Lean strategies in more than 30 companies in 14 different countries.

In The Lean Turnaround, this legendary business leader shares everything he has learned during his remarkable career and shows how anyone can achieve similar results. His primary message is this: Lean strategy isn't just for manufacturing. In fact, Byrne is using this very approach in his present position at a private equity firm.

Whatever type of company you run, Lean can be used to improve virtually every aspect of operations, from training and leading employees to accounting and payroll issues. The Lean Turnaround explains all the ins and outs of applying Lean strategy to:

• Eliminate waste in every value-added operation
• Deliver consistent value to customers
• Stimulate growth and add jobs
• Increase wealth for all your stakeholders
• Build a company culture of continuous improvement (kaizen)

Instead of attempting to get customers to conform to your way of doing things—which is, sadly, what most managers are taught to do—you need to configure your company to be responsive to the customers. This is at the core of Byrne's method—and it always works.

Product Details

ISBN-13:	9780071800679
Publisher:	McGraw Hill LLC
Publication date:	08/28/2012
Pages:	224
Product dimensions:	6.00(w) x 9.10(h) x 0.90(d)

About the Author

Art Byrne has been implementing Lean strategy in various U.S.-based manufacturing and service companies, such as Danaher Corporation, for more than 30 years, including The Wiremold Company, which he ran for 11 years. He now serves as Operating Partner at the private equity fi rm J. W. Childs Associates L.P.