Political economist David Ricardo (1772-1823) coined the term "comparative advantage." From that came the economic law of comparative advantage, and the intellectual foundation for international free trade. More familiar terms these days are "global sourcing" or "global supply chains," which means … [Read more...] about Is Lean Toast?
The COVID-19 pandemic is causing a lot of business leaders to re-think many things, from paid sick leave to health insurance for all to the shortening of supply lines reducing dependence on globalized supply and the wisdom of spending cash on share buy-backs. One thing is for sure, all of this will … [Read more...] about Lean and COVID-19