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?

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Definitions:

Basic Dimensions

Fundamental aspects or features that underlie a particular concept or phenomenon, often used to categorize or differentiate.

Trait Theorists

Trait theorists are psychologists who study personality, focusing on identifying and classifying the consistent patterns in the way individuals think, feel, and behave, known as traits.

Contemporary

Pertaining to or occurring in the present time, representing the most current developments or ideas.

Big Five

A model in psychology that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.