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.
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.
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.
