One of the Concerns with Moving to Lean Manufacturing Is

question 46

Essay

One of the concerns with moving to lean manufacturing is the fact that conventional accounting approaches may discourage such a move. These deficiencies relate to the lag in recognizing financial benefits from the move to lean.
Required:
According to critics, what are the three primary reasons why improvements in financial results, after adopting lean manufacturing, typically appear later in conventional accounting statements than the operating improvements from implementing lean manufacturing?

Comprehend the importance of leadership style in relation to task structure and employee readiness.

Understand the role of a supervisor in managing upwards and communicating with managers and peers effectively.

Recognize the attributes of successful leaders in emerging economies.

Understand the relationship between leadership style and the tolerance for ambiguity.

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Definitions:

Strategic Leadership

The ability of influencing others towards the achievement of organizational goals through long-term visioning and by setting a high-level strategic direction.

Corporate Governance

The framework of rules, practices, and processes by which a company is directed and controlled.

Strategic Implementation

The process of executing plans and strategies to achieve long-term goals within an organization.

Defender Strategy

A business approach focusing on defending existing market positions and focusing on product or service quality and reliability to retain customers.