Shingo Winners "Control Their Destiny"??
I could believe it more if the Shingo people merely claimed that the prize rewarded local examples of some good lean practices, but they claim much more. Company competitiveness depends on factors less easily measured by a prize committee and metrics, including culture, leadership, and many business processes beyond the factory (such as product development and customer service). Are these things measured by the Shingo committee? Can they be measured in any way other than long-term profit and employment security?
Ross Robson, of the Shingo Prize committee, claims:
” “The 2006 Recipients have demonstrated the aim to control their destiny though lean manufacturing and business processes, says Shingo Prize executive director, Ross Robson. The 2006 [Shingo Conference] and award ceremony will highlight how lean delivers global competitiveness and will control a company' ’s destiny to be cost competitive.”
My research tends to suggest there is a correlation between Shingo Prizes and stock price, if you believe in stock price as a measure of a company's overall success. Lean CAN help deliver global competitiveness, but it's not a guarantee, unfortunately.
What do you think? Scroll down to comment or share your thoughts and the post on social media. Don't want to miss a post or podcast? Subscribe to get notified about posts via email daily or weekly.
- Jody Crane, MD: Lean in Emergency Medicine and Hospitals; 3 Big Issues Causing Tough Times in Healthcare - February 1, 2023
- Alternative History: GM Uses Lean to Remain #1 in the Auto Industry - January 31, 2023
- Fall in Love with the Problem, not the Solution: In Entrepreneurship and Continuous Improvement - January 29, 2023