Lean Enterprise Value Second Edition

Abstract

The 2002 edition of Lean Enterprise Value elevated prevailing lean production thinking into a bold new framework for lean enterprise value creation, focused on the challenge of transforming the greater aerospace enterprise. The book’s core message was that an enterprise must create value throughout its value stream, for all stakeholders, to achieve lasting success in an environment of fundamental and continuing change. This second edition enriches the book’s original message by bringing an important new insight: lean enterprise value creation can be significantly enhanced by a dynamic learning and value creating community. This concept is explored by focusing directly on the evolution of the Lean Advancement Initiative (LAI), since the initiative itself represents a model for such a community. Drawing principally on the initiative’s work in its second decade, the authors develop a new framework for evolving dynamic learning and value creating communities – defining their enablers, core attributes, and the overarching principles guiding their evolution. The framework is supported by concrete examples, case studies, and stories from LAI’s lived experience. This work is reported in an extensive new Epilogue and accompanying appendices, which contain a wealth of publicly available background material, references, resources, and tools, capturing LAI’s legacy. The second edition offers new insights into the challenge of creating value in technically complex modern enterprises, industries, and industrial ecosystems, reaching beyond aerospace. A major concluding suggestion is that LAI’s model as a dynamic learning and value creating community can be replicated as a template to tackle a variety of complex, large-scale, “messy” transformational challenges.