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On today’s show we will be talking to Mark DeLuzio. Mark is known as a pioneer of Lean and the principal architect of the Danaher Business System (DBS)— he serves as a trusted advisor to senior leaders in global organizations whose financial and operational metrics have flatlined. Leveraging his unmatched and inventive experience, Mark helps them think differently about how to optimize their approach system wide. His new book is: Flatlined: Why Lean Transformations Fail and What to Do About It.
Highlights from this episode:
- Why despite businesses with record profits, many business models were mediocre at best
- What "lean space" is and Mark's book adds to the knowledge of this
- Putting Lean principles into practice in a more holistic way
- The main reasons Mark sees with why companies are flatlining
- The first step for breathing new life into Lean initiatives and achieving sustained results
- The biggest obstacle to achieving long-term results with Lean
- Massive challenges that companies are going to face once the pandemic is behind us whether companies are using Lean initiatives or not
Mark DeLuzio—known as a pioneer of Lean and the principal architect of the Danaher Business System—serves as a trusted advisor to senior leaders in global manufacturing organizations whose financial and operations metrics have flatlined. Leveraging his unmatched and inventive experience, Mark helps them think differently about how to optimize their approach system-wide. For his winning record in transforming companies and facilitating non-zero sum game deals, Mark is also a managing director in a private equity firm and on the board of Hillenbrand Inc.
While many know Lean in theory, Mark has lived it inside-out in practice. After developing the first Lean Accounting process in the US for Danaher’s Jake Brake Division—setting an industry standard many companies are still trying to replicate—Mark became the VP of Danaher Business Systems where he led its global deployment and enlightened Wall Street on its merits. Engaged in their first study mission to Japan to learn from Toyota and its suppliers, he’s still mentored by the masters of the Toyota Production System today. Fundamental in Danaher’s recognition as the leading implementer of Lean, Mark founded Lean Horizons in 2001 to helm a global team that serves clients on five continents in both specific and broad business applications of Lean. Their hallmark project with GE’s Money Division—that generated $216m in its first year by reducing retail credit card processing approvals to one day from 63—was profiled in the Harvard Business Review. In 2007, Mark’s “Excellence in Manufacturing” contributions were recognized when he was inducted as a Life Member of the Shingo Prize Academy.
Disclaimer: The topics discussed, and opinions given are not intended to address the specific needs of any listener. LionsGate Advisors does not offer legal or tax advice; listeners are encouraged to discuss their financial needs with the appropriate professional regarding your individual circumstance.