You're reading from The Lean-Agile Way Unleash business results in the digital era with value stream management

Product type Paperback

Published in Aug 2024

Publisher Packt

ISBN-13 9781835461877

Length 386 pages

Edition 1st Edition

Concepts

Agile

Authors (3):

Al Shalloway

Cecil 'Gary' Rupp

Richard Knaster

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Table of Contents (19) Chapters

Preface

1. Part 1:Building on Lean-Agile Foundations: Mastering the Basics

2. Chapter 1: Navigating Lean-Agile Transformations FREE CHAPTER

3. Chapter 2: Solving Complex Business Problems with Agility

4. Chapter 3: Establishing Lean Flows to Improve Productivity

5. Part 2: Attending to our Value Streams: Prioritize Improvements by their Value-Added Impact

6. Chapter 4: Driving Improvements with Value Stream Management

7. Chapter 5: Introducing the VSM Implementation Roadmap

8. Chapter 6: Navigating Value Stream Optimization

9. Chapter 7: Connecting the Value Stream Network

10. Part 3: Achieving Lean-Agile and VSM Mastery: For Product-Oriented Business Transformations

11. Chapter 8: Implementing the Basic Lean-Agile Solution Team (BLAST)

12. Chapter 9: Defining a Business Agility System for the Enterprise (BASE)

13. Part 4: Driving Sustainable Transformation: Strategies to Achieve Lean-Agile Mastery

14. Chapter 10: Enhancing Decision-Making in the Lean-Agile Organization

15. Chapter 11: Implementing Strategies for Organizational Transformation

16. Chapter 12: Building Lean-Agile and VSM Mastery

17. Index

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Addressing labor’s declining share of GDP

Did you know that the U.S. market share for manufactured goods by domestic producers has been declining steadily for the past 20 years? According to the CPA Domestic Market Share Index, it reached a record low of 66% in 2022. A critical issue cited is a two-thirds fall in labor’s share of U.S. GDP. Economists cite three main factors contributing to this decline:

Weak productivity growth: Sluggish productivity growth significantly impacts labor’s share, accounting for half of the decline. 2
Income inequality: The widening gap between average and median wages contributes to the decline, representing 19% of the overall gap in labor’s share. 3
Technological progress: Unequal effects on labor and capital due to biased technological change play a role. Capital deepening (increased capital relative to labor) is a contributing mechanism. 4