Inventi Impact: Emerging Economies
THE STRATEGIC ROLE OF LEAN PRODUCTION IN SOE’S DEVELOPMENT
Lean production, which has revolutionary production management and practice manner, is the third milestone of human industrialization history. Its key point is to eliminate waste in all aspects of a firm’s production activities through establishing production system with high agility. It represents the tendency of modern manufacturing industry. It has been credited as the standard production management approach in the 21st century. Lean production, as an advanced production manner, has important realistic meaning for improving manufacturing’s production and management level of China at present, and swelling competitive ability of Chinese enterprises. As the current biggest ‘Manufacturing Center’ in the globe, it’s especially crucial for Chinese enterprises to learn the philosophy of lean production and its impetus for their development.
CC Compliant Citation: Shili Sun, The Strategic Role of Lean Production in SOE’s Development, International Journal of Business and Management Vol. 6, No. 2; February 2011
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