Need for a Lean Initiatives Paper Research Example | Topics and Well Written Essays - 1250 words

Need for a Lean Initiatives - Research Paper Example Management is a complex function that determines a company success, delivering of affordable goods and quality goods, a trustable delivery and continuous innovation throughout the companies’ entire functioning chains (Arnheiter & Maleyeff, 2005). Determinants of efficient management are measured by the companies’ market network and the shareholder value. If the two factors increase then the companies have realized good management skills. Nike and Adidas are two European countries that work with an aim of outdoing each other from the market by improving their strategic management. Most of the strategies are based on their supply chain and marketability of their products. The aim of this study is to compare and to contrast the management styles of the two companies in the context of how they affect organization behavior. According to Locke and Romis (2012), a lean management system incorporates a strategy that ensures daily progress, meaningful purpose, and lasting value. The Footwear market is characterized by dynamic factors; most of the changes are short period. The demands in the market are not flexible, and the purchases are sometimes high and other times small. Additionally, the products from the manufacturing industry to the market usually follow a short product lifecycle. Adidas Company has instituted lean initiatives in management, focused to decrease the costs and to improve their supply chain processes. However, lean initiatives make the company prone to risks that occur because of relying on other supply chains, elements and other interruptions (Locke & Romis, 2012) Nike Company has adopted a management strategy referred to as a Subcontracting Management Plan. The strategy has advantages for the company marketing strategies, and it ensures that the markets are unique from other companies offering similar products, and the production process is determined by the