Effects of Lean Management on company value

Master's Thesis , 2009 , 94 Pages , Grade: Sehr gut

Business economics - Controlling

Nowadays there are a lot of discussions about creating company value. Because of the financial crisis and caused by that the economic crisis a lot of partially old models are being discussed again. The thesis should investigate whether it is possible to generate company value through lean management. There are a lot of tools to measure company value but in this thesis the operating cash flow will be used as other methods have too many levers to influence the result (e.g. WACC). In the subsequent part the different practical tools of lean management will be described to create a basic understanding of the methodology. The practical part of the thesis deals with qualitative interviews with specialists, consultants and researchers to get a variety of answers. The specialists are people who are doing lean management in their company on a daily basis but have only experience in their company. Consultants sell the methodology and could tend to promote lean management in this thesis and the researchers work on a scientific basis and are necessary to prove or adjust the results achieved. Lean management has a lot of influences on company value. A decrease in stocks, space, failures and the throughput time can be achieved. Furthermore an increase in productivity and even an increase of turnover are possible. Certainly the results depend on the industry, size and culture of the company. That is the reason why there are no calculations about the effects of company value. As it is that difficult to calculate these effects, the master thesis deals with the ability of increasing turnover and on the cost side of decreasing costs. Costs of the employed capital are not considered as they
are not related to the operating cash flow.

Inhaltsverzeichnis (Table of Contents)

• KURZFASSUNG
• =ABSTRACT
• IVFOREWORD
• 1 INTRODUCTION
• 1.1 The Importance of Lean Management
• 1.2 Lean Management Implementation
• 1.3 Objectives of this Thesis
• 2 THEORETICAL FRAMEWORK
• 2.1 Introduction to the Theoretical Framework
• 2.2 Measuring Company Value
• 2.2.1 Overview
• 2.2.2 Market Value
• 2.2.3 Economic Value Added (EVA)
• 2.2.4 Discounted Cash Flow (DCF)
• 2.2.5 Other Measurement Options
• 2.3 Lean Management
• 2.3.1 Definition
• 2.3.2 History
• 2.3.3 Lean Management Tools
• 2.3.3.1 Value Stream Mapping
• 2.3.3.2 5S
• 2.3.3.3 Kanban
• 2.3.3.4 Poka Yoke
• 2.3.3.5 JIT
• 2.3.3.6 Kaizen
• 2.3.4 Implementation
• 3 EMPIRICAL STUDY
• 3.1 Introduction
• 3.2 Methodology
• 3.3 Interviews
• 3.4 Results and Discussion
• 3.4.1 Effects on Operating Cash Flow
• 3.4.2 Effects on Turnover
• 3.4.3 Effects on Costs
• 3.4.4 General Observations
• 4 CONCLUSIONS

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis aims to investigate the potential for lean management to enhance company value. The study utilizes a case-based approach, exploring the impact of lean management on a company's operating cash flow, turnover, and costs.

• Evaluating the impact of lean management on company value
• Exploring the relationship between lean management and operational cash flow
• Analyzing the influence of lean management on turnover and cost reduction
• Investigating the practical implementation of lean management techniques
• Assessing the potential challenges and benefits of implementing lean management strategies

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1: Introduces the concept of lean management, its relevance in the modern business environment, and the objectives of the thesis.
• Chapter 2: Outlines the theoretical framework for the study, examining company value measurement methodologies, and providing a comprehensive overview of lean management principles and tools.
• Chapter 3: Details the empirical research methodology employed, including interviews with specialists, consultants, and researchers. Presents the results of the study and analyzes the effects of lean management on various aspects of company performance.

Schlüsselwörter (Keywords)

This thesis focuses on the intersection of lean management and company value, examining key concepts such as operating cash flow, turnover, cost reduction, and the implementation of lean management practices. The study draws on interviews with specialists, consultants, and researchers to gather insights into the practical application and potential impact of lean management strategies.

• College: University of Applied Sciences Vorarlberg (Fachhochschule Vorarlberg GmbH)
• Grade: Sehr gut
• Author: Mag.(FH), MA IBA Sasha Petschnig (Author)
• Publication Year: 2009
• Pages: 94
• Catalog Number: V134408
• ISBN (eBook): 9783640408801
• ISBN (Book): 9783640409150
• Language: English
• Tags: Effects, Lean, Management, Sehr