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How are lean manufacturing and a balanced scorecard similar?

(a) Both focus on financial metrics
(b) Both aim for efficiency
(c) Both prioritize employee satisfaction
(d) Both originated in the same industry

User Acrophobia
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Final answer:

Lean manufacturing and a balanced scorecard are similar in their focus on efficiency and employee satisfaction, but they have different origins.

Step-by-step explanation:

Lean manufacturing and a balanced scorecard are similar in that both aim for efficiency. Lean manufacturing focuses on eliminating waste and streamlining processes to maximize productivity, while a balanced scorecard provides a framework for measuring and improving performance across various dimensions, including efficiency.

Additionally, both lean manufacturing and a balanced scorecard prioritize employee satisfaction. Lean manufacturing recognizes the importance of engaging and empowering employees to continuously improve processes, while a balanced scorecard measures and rewards employee performance and satisfaction.

However, lean manufacturing and a balanced scorecard have different origins. Lean manufacturing originated in the automotive industry, specifically with Toyota's Toyota Production System, while the balanced scorecard was developed by Robert Kaplan and David Norton in the 1990s as a tool for performance measurement and management in various industries.

User Simlev
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