“Although financial firms have implemented Lean for specific, targeted activities like process improvement and paying point operations, to our knowledge this marks the first time Lean has been used in financial services PMI,” Mavros says.
New York (PRWEB) June 09, 2011
Lean is no longer just for manufacturing companies.
One of the first applications of Lean methodology to a financial services post-merger integration is described by Kelley Mavros, a Principal at Booz & Company, in Episode 36 of Mergercast by Booz & Company titled “Lean Post-Merger Integration.”
“We’ve recently applied Lean PMI -- also known as Lean-Led Integration Planning -- for two global financial companies integrating specific business units. Among the benefits, Lean helps people at all levels within the legacy organizations develop a common language and common goals. They can then work together efficiently to create value,” Mavros says.
“Although financial firms have implemented Lean for specific, targeted activities like process improvement and paying point operations, to our knowledge this marks the first time Lean has been used in financial services PMI,” she continues.
Mavros is interviewed in this episode by Gerald Adolph, Senior Partner at Booz & Company and leader of the firms Mergers and Restructuring group. Additional detail on this implementation of Lean PMI can be found in the Booz & Company Viewpoint “Unlock the True Value of Your Merger: Tap the Power of Lean.”
Mergercast by Booz & Company is a podcast series exploring the world of mergers, acquisitions and restructurings. The current episode, No. 36, has a run time of 16 minutes and 1 second. Listeners can play the podcast on its homepage (http://www.booz.com/mergercast) or subscribe via RSS feed, e-mail or the iTunes store.
About Booz & Company
Booz & Company is a leading global management consulting firm, helping the world’s top businesses, governments, and organizations. Our founder, Edwin Booz, defined the profession when he established the first management consulting firm in 1914.
Today, with more than 3,300 people in 60 offices around the world, we bring foresight and knowledge, deep functional expertise, and a practical approach to building capabilities and delivering real impact. We work closely with our clients to create and deliver essential advantage. The independent White Space report ranked Booz & Company #1 among consulting firms for “the best thought leadership” in 2010.
For our management magazine strategy+business, visit http://www.strategy-business.com.
Visit http://www.booz.com to learn more about Booz & Company.
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