About this Presentation
To quickly turn around a struggling business, the organization has to go where the leadership takes it; the leader must use the right tools; and the leader must follow a process. After describing the speakers’ background, they describe the lean and TOC turnaround hybrid; haikaku vs. kaizen; and the steps to leading a business transformation. The authors describe the TOC approaches to constraints and conflicts. Next they describe the Japanese approaches to change haikaku (revolutionary change in an organization. Lean Leaders of this type generally appear to be aggressive change agents) and kaizen (evolutionary change in an organization. Lean Leaders of this type generally appear to be consensus building coaches). The steps to leading a business transformation include: 1. Assess Leadership. 2. Impose stop-gap measures. 3. Create or enhance vision, mission, and values. 4. Establish high level goals and metrics. 5. Use A3 for communication. 6. Impose change quickly in a sustainable manner. 7. Transition from haikaku to kaizen. Each step is discussed in detail.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
The organization will go where the leadership takes it. Leadership is crucial in turning around a struggling business.
The use of Lean and Six Sigma methodologies can greatly assist in business turnaround. These tools can help identify bottlenecks and improve processes.
Transitioning from a crisis mode to a continuous improvement mode is important for long-term success. This involves transitioning from a Haikaku to a Kaizen culture.
Instructor(s)
Torrence Smith
Consultant delivering results across manufacturing operations, ERP implementations, M&A integrations, and digital transformation initiatives for Fortune 500 and private equity portfolio companies. Cross-functional leader of teams for automotive, HVAC, oil and gas, and recycling environments. Known playbook for accelerated value creation through mixed production implementation, process redesign, and vendor oversight. Trusted advisor to companies from $5M to $10Bn in size.