The Age of Lean and Mean Economics Is Over

By
Dr. Arthur Langer, Director, Columbia University Center for Technology Management
July 31, 2020

Read Dr. Art Langer’s article in Business Insider, "The Age Of Lean and Mean Economics Is Over."

Key Points:

  • A "lean and mean" business strategy emphasizes a skinny supply chain to maximize profit in expense of other areas of business, such as employee development.
  • These short-order supply chains led to product shortages and disasters during the pandemic.
  • Instead of trying to maximize profit in the short run, companies should invest in their employees and adapt to technological changes so emergencies don't cause a similar disaster.

Read the full article.