Guest: Keith Corrigan, a coach at CEO Coaching International. Keith has deep expertise in implementing Lean business practices. As a coach he draws on a proven track record of driving growth, managing through crises, and achieving operational excellence in various industries.
Quick Background: Lean management is a systematic approach to running an organization that focuses on continuous improvement and seeks to maximize customer value while minimizing waste. Essentially, it involves using fewer resources to create more value for customers. The primary goals of lean management are to improve efficiency, reduce waste, and increase productivity and quality by streamlining processes and eliminating any steps in a process that do not create value for the end customer.
Some companies have faced the threats of high inflation and interest rates by scaling back, well, everything: costs, office space, marketing, people, new products, and perhaps worst of all, ambition. CEOs have to understand that there's a BIG difference between a streamlined, lean company that's ready for anything and a declining company that's cutting too many corners.
On today's show, Keith Corrigan breaks down the true essence of Lean management, including the management system he has implemented to minimize waste and Make BIG Happen.