Remove Lean Production Remove Management Remove Marketing
article thumbnail

Why American Management Rules the World

Harvard Business Review

After a decade of painstaking research, we have concluded that American firms are on average the best managed in the world. But while Americans are bad at football (or soccer, as it's known as locally), they are the Brazilians of Management. This has allowed us to create the first global database of management practices.

article thumbnail

B-Schools Aren’t Bothering to Produce HR Experts

Harvard Business Review

In the 1980s, our organizations learned a great deal about how to improve productivity, quality, and costs from Japanese practices. Clearly, well-run operations and careful talent management went hand-in-glove. That would never fly in marketing, operations research, or even accounting, where academics are all over new developments.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can Lean Manufacturing Put an End to Sweatshops?

Harvard Business Review

Traditional mass manufacturing is based on principles of “Scientific Management” that date back to the 19th century. Managers hold virtually all decision-making authority. However, until recently there was little evidence on this question in the countries that dominate global markets in low-cost manufacturing.

article thumbnail

Innovating the Toyota, and YouTube, Way

Harvard Business Review

By sheer happenstance, I had just gotten a copy of Gemba Walks , a collection of essays by James Womack , a co-author of the automotive classic The Machine That Changed The World and a pioneering importer of Toyota-inspired lean production insights and methodologies to America. Toyota was prepared to help its best suppliers scale.

article thumbnail

How Economists Got Income Inequality Wrong

Harvard Business Review

It says that markets determine wages, and any social or political tampering just creates inefficiency. In the 1990s, a whole subfield of economics reached "virtually unanimous agreement," as a survey in the Journal of Economic Perspectives noted , that in the context of technological change, markets themselves inevitably drove U.S.

article thumbnail

Breaking the Death Grip of Legacy Technologies

Harvard Business Review

Managers constantly try to fit new market needs to existing processes and routines. automakers took decades to adopt lean production methods despite the obvious benefits from increased productivity and lower work-in-process inventory. More importantly, managers need to monitor the tool innovation roadmap.

article thumbnail

Founding a Company Doesn’t Have to be a Big Career Risk

Harvard Business Review

The most important way to mitigate risk is to become excellent at either engineering, product, selling, or operations and management. While developing expertise is the most certain way to reduce entrepreneurial risk, many other strategies exist: Process — Using the right processes to deal with market uncertainty (e.g.

Career 8