Joined up lean

Parry, Glenn

Abstract

Author's views on a a lean process methodology for core competence understanding are highlighted. UK companies have been employing lean principles to great effect. They have been supported and guided in their efforts by programmes such as the UK Lean Aerospace Initiative with contribution between £60-240m per year. The lean approach to business is centered upon delivering customer value using the least resource. The resource-based view has four basic characteristics: a firm's goal is to achieve higher sustained returns than rivals; a firm has a set of resources that combine to form a unique competence; competence and capability lead to sustained superior returns, and new resource combinations can contribute to sustainable superior returns.

• Journal Article Type: Review
• Publication Date: Oct 1, 2005
• Journal: Manufacturing Engineer
• Print ISSN: 0956-9944
• Publisher: Institution of Engineering and Technology (IET)
• Peer Reviewed: Peer Reviewed
• Volume: 84
• Issue: 5
• Pages: 44-47
• DOI: https://doi.org/10.1049/me%3A20050510
• Keywords: business enterprises, consumers, core competencies, industrial efficiency, performance
• Public URL: https://uwe-repository.worktribe.com/output/1055709
• Publisher URL: http://dx.doi.org/10.1049/me:20050510