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The Lean Turnaround: How Business Leaders Use Lean Principles to Create Value and Transform Their Company by James P. Womack, Art Byrne

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CHAPTER 10

Capitalizing on Your Gains

Turning your company around using Lean will rapidly improve your earnings, cash flow, and enterprise value. Allowing all your associates to share in the gains will allow you to improve even faster and get you to the stage where you have a Lean culture even quicker. For senior managers, make sure that the bonus plan has some stretch goals and that it weights earnings and working capital equally in order to give you the biggest gain in enterprise value. Focus your own attention on the shop floor, and make sure that you actualize your gains and that you take all the “leaps of faith” that your Lean transformation will present to you.

These gains will create the foundation for even greater success. As your Lean ...

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