"What’s the ROI for our lean management activities this quarter?"
Suppose the CEO called you right now to ask that question.
What would you say?
Would you point out -- like many business unit or continuous improvement managers -- that it’s the wrong question or that continuous improvement always pays off, eventually?
Or would you point out in precise terms that the boss would understand immediately:
- How the lean effort supports the sales plan
- How lean activities contribute to the bottom line
- How the lean transformation dramatically improves the company’s cash position
- How lean favorably impacts investments
Get the answers to these and other questions about the business benefits of lean from author and lean practitioner Michael Ballé, who is at home working with the executive team on the top floor and with improvement teams on the shop floor.
"Executives have been asking about the ROI of lean programs forever," said Ballé. "Lean practitioners answer that it’s the wrong kind of question. They are absolutely right, but we must get better at showing the business benefits of lean. That’s where I can help."
In this free webinar, Ballé will draw on his extensive experience working with executive teams at companies that have been on lean journeys for years. Michael will show you:
- How to link the P&L statement and budget with lean activities on the shop floor (or the engineering office or any other value stream)
- How lean practices multiply a company’s value over four to five years
- Tips for building teamwork between lean experts and top executives
- How to couch lean initiatives in business terms so you improve your effectiveness and influence in the company
- Why trying to figure ROI on a lean effort doesn’t make sense (and how to explain to senior managers the calculation that does)
- How to correctly define the business challenges that lead to specific kaizen activities so that you improve value streams by developing teamwork and people’s capability for lean
He’ll also share real-life experiences of how to make the point about lean’s benefits to financial managers.
Who should attend:
Lean Practitioners and Continuous Improvement Managers who want to improve their ability to explain the business benefits of a lean transformation to the CEO and the executive team.
Business Unit Managers who need to turn their lean efforts into business results. You’ll learn how to use lean practices to leverage the top line, cash, and bottom line results as well as building a company for the future.
The Business Case for Lean
with Michael Ballé
|2:00 PM EDT||Time Zone Conversion|
|estimated duration: one hour|
About the Presenter:
Michael Ballé is the co-author of, The Gold Mine, a bestselling business novel of lean turnaround, and recently, The Lean Manager, a novel of lean transformation, both published by the Lean Enterprise Institute. For the past fifteen years, he has studied lean transformation helping companies develop a lean culture. He is an engaging and colorful public speaker, experienced in running interactive workshops.
As a managing partner of ESG Consultants, Michael coaches executives in obtaining exceptional performance through using the lean tools, principles and management attitudes. His main coaching technique is the "Real Place Visit," where he helps senior executives to learn to see their own operational shop floors, teach their people the spirit of kaizen and draw the right conclusions for their business as a whole. He has assisted companies in their lean transformations in various fields such as manufacturing, engineering, construction, services and healthcare.
Michael holds a doctorate from the Sorbonne in Social Sciences and Knowledge Sciences. He is co-founder of the Project Lean Entreprise and the Instituet Lean France.
LEI is proud to offer Michael Ballé's column, The Gemba Coach, on lean.org.
Take a deeper dive! Learn even more at a special full-day workshop.
- The Business Case for Lean Workshop with Michael Ballé, November 6, 2012, Cambridge, MA, at LEI’s office