Lean can be a survival strategy during recessionary times
International Journal of Productivity and Performance Management
ISSN: 1741-0401
Article publication date: 30 October 2009
Abstract
Purpose
The purpose of this paper is to discuss a survival strategy for industry in recessionary time by means of lean principles and philosophies.
Design/methodology/approach
The paper presents the views of the authors regarding the application of lean principles and philosophies to overcome recession, followed by interaction with industrial personnel about recession, its effects and prevention.
Findings
Recessionary time is the time for industries to follow lean guidelines and to look in to their business chain from raw material to end customer in order to remove all types of waste.
Originality/value
The paper provides some real help as to how to survive in recession as there is little published research on this topic.
Keywords
Citation
Singh, B., Garg, S.K. and Sharma, S.K. (2009), "Lean can be a survival strategy during recessionary times", International Journal of Productivity and Performance Management, Vol. 58 No. 8, pp. 803-808. https://doi.org/10.1108/17410400911000426
Publisher
:Emerald Group Publishing Limited
Copyright © 2009, Emerald Group Publishing Limited