CEO Larry Culp was brought in to turn the industrial conglomerate around. It isn’t easy to change culture at a giant organization, but Culp is trying. And lean management techniques are, perhaps, the most important tool at his disposal.
Culp hosted a “Lean with Larry” event Wednesday to review progress on implementing lean techniques at GE (ticker: GE). Spending an hour and a half on the subject sounds like an engineer’s delight, but financial analysts, and the rest of us, might have to Google terms such as “Gemba” and “try-storming.”
Ultimately, Culp’s goal is to convince Wall Street analysts, investors, and GE employees, that embracing a culture of lean management will benefit the bottom line for years to come.
Lean management’s roots go all the way back