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Impact Assessment on the Economic and Financial Indicators of the Implementation of Lean Management Model

Author

Listed:
  • Romana Fernando Acabado

    (Atlântica University,Barcarena, Portugal)

Abstract

Objective: Understand how the increased competitiveness encourages industries to seek solutions in order to maintain or increase their market share, promoting the manufacturing of quality products at reduced costs.Methodology: In this study, an in-company analysis regarding the Lean performance evaluation methods present in the literature as well as already implemented in the industry was performed, focusing on the gaps of present models and needs for future.Findings: New philosophies arise such as the Lean Manufacturing, which is based on continuous improvement, aiming at optimizing the production system, eliminating waste and using fewer resources.Value Added: Based on the results, and with the objective of allowing comprehensive assessment of Lean performance independently by the companies, and the determination of improvement actions, a Lean performance evaluation method was developed in order to understand the impact in financial and economic figures of the case study.Recommendations: Take into account the main concepts of the social sciences, such as Organizational Culture, Leadership Style and Strategic Approach, considering the link with the financial economic performance.

Suggested Citation

  • Romana Fernando Acabado, 2020. "Impact Assessment on the Economic and Financial Indicators of the Implementation of Lean Management Model," Journal of Intercultural Management, Sciendo, vol. 12(4), pages 49-69, December.
    • Handle: RePEc:vrs:joinma:v:12:y:2020:i:4:p:49-69:n:3
    DOI: 10.2478/joim-2020-0050
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    References listed on IDEAS

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    1. Christ, Katherine L. & Burritt, Roger L., 2016. "ISO 14051: A new era for MFCA implementation and research," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 19(1), pages 1-9.
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    More about this item

    Keywords

    Organizational Change; Organizational culture; Leadership; LEAN management; Application and performance model;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

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