Business, Management and Accounting
8 years ago

Eliminate Waste, Increase Wealth: The Key to Corporate Success

Journal of the Operational Research Society
Lean Thinking—Banish Waste and Create Wealth in your Corporation
J P Womack, D T Jones

Paper Summary

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The article "Lean Thinking—Banish Waste and Create Wealth in your Corporation" discusses how companies can eliminate waste and increase profits by adopting lean principles. The researchers emphasize the importance of streamlining processes and focusing on value-added activities. By implementing lean practices, companies can reduce costs, improve efficiency, and ultimately create wealth for the organization.