Abstract: This study examined the influence of lean operations on firm performance, considering some business characteristics controlled variables. A correlational design was employed, and a sample of 162 participants were drawn from a targeted research population of beverage manufacturing firms in Accra. Pearson’s correlation test and structural equation modelling (SEM) were used to test hypotheses. The study found that lean operations had a positive effect on operational and financial performance but not marketing performance. None of the controlled variables or firm characteristics (i.e. firm size, firm age, operational capital, total asset) had a significant effect on firm performance. The study concluded that firm performance in terms of operational and financial performance improves as lean management enhances in practice. It was recommended that firms should invest more in lean management and train employees to more effectively handle its planning and execution.
Keywords: Lean Operations, Lean Management, Firm Performance, Firm Size, Firm Age, Operational Capital, Total Asset.
Title: THE EFFECT OF LEAN OPERATIONS IN MANUFACTURING ON FIRM PERFORMANCE: THE CASE OF MANUFACTURING FIRMS IN ACCRA
Author: Ofori-Nyarko Ernest, Boison David King, Asiedu Esther, Agyapong Noble Kwadwo, Anamoo Richard A-Y
International Journal of Engineering Research and Reviews
ISSN 2348-697X (Online)
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