BOOK ANALYSIS

BOOK ANALYSIS

Analysis of Lean Impact: How to Innovate a Radically Greater Social Good

The central concept presented in the book is social welfare, whereby everybody is called to work towards the termination of social challenges(Persadaa et al. 2015). The effect of the concept is most substantial; however, in reality, the innovation for social good is not easy, and it is harder than business innovation. Many nationals, especially in capitalistic countries, are profit-oriented and for them to maximize profits, it calls for several practices that instead increase the social challenges(McGrath, 2007). Chang calls for people to invest money and time and that they have a heart of helping people who are suffering. However, according to private firms in a capitalistic country, this urge is not feasible(McGrath, 2007). Several factors determine the highest profit margins. First, workers ought to be exhausted. The employees must be optimally utilized, like working for long hours. Second, the wages paid should be to the critical minimum for the employers to realize the satisfying returns. Third, the cases of tax evasion and avoidance are high. If the firms pay less tax or the records provided for auditing are not real but underestimated, then the government revenue will be adversely affected. The final result is increased social challenges Chang could have taken into consideration the issue of capitalism since not all nations can allow the elements of communism, whereby everyone works for social benefit.

The principle of thinking big by the author is also not feasible for every citizen for the achievement of the social good. The implication for this principle is that the potential investors should consider the world and not the only feasibility. It is sensible to some point that investors should higher(McGrath, 2007). However, everyone aims higher, but no way can potential investor avoid his or her ability consideration(McGrath, 2007). The main issue that is affecting many countries is inequality in wealth distribution. The implication is that many people are living below the bottom line, and it is not easy for the application of Chang’s principle of thinking big. The financial constraint is a big challenge to them. The suggestion of asking people to invest, and seeking donations as some of the ways that the social challenges can be eradicated are unreliable. The techniques can indeed be helpful, but the problem is the uncertainty attributed to them (McGrath, 2007). People can invest, but they are not sure whether the established market will sustain their business. Also, donations can be given, but the problem is the amount and frequency of donations in relation to the magnitude of the social problem..

Among the encouraging areas that the author addressees include but not limited to establishing good public relation, and chapter four, the identification of promising remedies. Even if the community is capitalistic, with better public relations and working hand-in-hand with the customers ensures them quality goods and services. These are some of the improvements in the social welfare (Persadaa et al. 2015). If investors interact with their potential markets, then they will establish the main social problem faced by the society and will develop promising solutions. Generally, the book, Lean Impact is providing critical concepts on how to fight the social challenges, but lightly it touches the problem of capitalism.

Reference

McGrath, W. (2007). Impact analysis of large-scale lean manufacturing initiatives upon manufacturing process innovation in Irish companies (Doctoral dissertation, Waterford Institute of Technology).

Persadaa, S. F., Lina, S. C., Nadlifatina, R., &Razifb, M. (2015). A lean based analysis on the Indonesian citizens’ participation in environmental impact assessment (EIA): a potential improvement through the web-based system and SMS-gateway. ISICO 2015,