Lean Companies Ready to Cut – WSJ.com
Tuesday, 1 November, 2011 Leave a comment
You don’t have to have an in depth knowledge of complexity or systems theory to understand that “lean” means FRAGILE!
Most readers would recognise RESILIENT as the opposite of FRAGILE – Nassim Taleb presents a robust case for “anti-fragile” as the opposite.
“Lean” doesn’t suggest a business with the level of redundancy required to absorb the unforeseen “shocks” of a turbulent and unpredictable economy!
A quote, I’m sure, from Adam Werbach, Author and CEO (of Saatchi & Saatchi S) is “Right-size regularly, rather than downsize occasionally”. His book “Strategy for Sustainability” is well worth a read for anyone interested in “better business”.
Despite another quarter of robust corporate profits, an ominous impulse is stirring at many big companies—restructuring.
In a sign that executives see a rockier road ahead, many manufacturers are setting aside money to fund moves aimed at cutting costs and streamlining operations. Those steps could include job cuts and factory closures, as businesses seek to pare expenses ahead of what is widely expected to be slow revenue growth in 2012.