Article

The Lean Are First to Starve in a Famine

Posted August 20, 2020 in Business Agility & Software Engineering Excellence, Business Technology & Digital Transformation Strategies Cutter Business Technology Journal
riskmanage
Payson Hall explores the general con­text of risk management, noting the conflict between efficiency and resilience in organizations employing Lean practices to reduce their costs at the expense of robust risk management. Such approaches may beat the odds in the short term but lead to dangerous exposure when times are hard, as has been observed during the current global pandemic. Hall discusses ways in which a modest investment can provide vital hedging against catastrophe.
About The Author
Payson Hall
Payson Hall is a consulting project manager and founding member of Catalysis Group, Inc. Trained as a software engineer, he has performed and consulted on various hardware and software systems integration projects in both the public and private sectors throughout North America and Europe during his 40-year professional career. Mr. Hall's consulting clients have included the US State of California, Hewlett-Packard, Motorola, IBM, the Federal… Read More
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