This book explores the relationship between and the compatibility of lean management (LM) and value-based management (VBM) approaches at the systems level. It then develops a model to improve LM and VBM professional practice by fostering a shared understanding of the value creation process within a lean system, and in doing so helps to remove existing barriers. The results promote future fruitful alliances between a company's operational and financial communities, enhancing the benefits to the enterprise and its stakeholders. The book is of primary interest to LM and VBM professionals and researchers.

Connects Lean and Value-based management on a system level Introduces numerous Key Performance Indicators to measure different stakeholders' satisfaction and contribution value creation Showcases the positive impact of a value-based management approach in a lean supply chain context

Autorentext

Gerd Kaufmann is the CFO of a globally operating, mid-cap mechanical engineering company. After studying business administration at the University of Cologne, he worked as an interim manager (CFO/CEO) in the private equity sector. Subsequently, he worked as a management consultant for Porsche Consulting, one of the foremost German management consultancies in the field of lean management, and for a Big Four management consultancy, focusing on value creation in the automotive and mechanical engineering industry.

Inhalt
Introducing the Study of Lean and Value-Based Management.- Theoretical Background of Lean and Value-Based Management.- Methodology to Align Lean and Value-Based Management.- Examining Prior Research of Lean Management.- Lean Value Creation Process: Findings from Primary Data.- Discussion of the Alignment of Lean and Value-Based Management.