Due Diligence
Your due diligence is probably wrongGlobal Advisors: a consulting leader in defining quantified strategy, decreasing uncertainty, improving decisions, achieving measureable results.
Our latest perspective - What's behind under-performing listed companies?
Outperform through the downturn
Experienced hires
We are hiring experienced top-tier strategy consultants
Quantified Strategy
Decreased uncertainty, improved decisions
Global Advisors is a leader in defining quantified strategies, decreasing uncertainty, improving decisions and achieving measureable results.
We specialise in providing highly-analytical data-driven recommendations in the face of significant uncertainty.
We utilise advanced predictive analytics to build robust strategies and enable our clients to make calculated decisions.
We support implementation of adaptive capability and capacity.
Our latest
Thoughts
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Strategy Tools
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Fast Facts
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Selected News
Term: Lean
Lean is a management philosophy and set of practices aimed at maximizing value for customers by systematically identifying and eliminating waste in organizational processes, particularly in manufacturing but now widely applied across many sectors. The lean approach is rooted in five core principles:
- Define value strictly from the customer’s perspective, focusing efforts on what truly matters to the end user.
- Map the value stream, visualizing and analyzing every step required to bring a product or service from conception to delivery, with the aim of distinguishing value-adding from non-value-adding activities (waste).
- Create flow by organizing processes so that work progresses smoothly without interruptions, bottlenecks, or delays.
- Establish pull systems, so that production or work is driven by actual customer demand rather than forecasts, minimizing overproduction and excess inventory.
- Pursue perfection through ongoing, incremental improvement, embedding a culture where employees at every level continuously seek better ways of working.
Waste in lean (known as muda in Japanese) refers to any activity that consumes resources but does not add value to the customer. Classic categories of waste include overproduction, waiting, transportation, excess processing, inventory, unnecessary motion, and defects. Beyond process efficiency, lean is also about empowering workers, fostering cross-functional collaboration, and embedding continuous improvement (kaizen) into the company culture.
Key Theorist: James P. Womack
The leading contemporary advocate and theorist of lean as a strategic management system is James P. Womack. Womack transformed the field by articulating and popularizing lean concepts globally. He is best known for co-authoring the seminal book The Machine That Changed the World (1990) and, with Daniel T. Jones, codifying the five lean principles that underpin modern lean practices.
Biography and Relationship to Lean:
James P. Womack (born 1948) is an American researcher, educator, and founder of the nonprofit Lean Enterprise Institute (LEI) in 1997, which has become a principal center for lean research, training, and advocacy. Womack’s work in the 1980s and 1990s brought the insights of Toyota’s production system (TPS)—the original inspiration for lean manufacturing—to Western audiences. By documenting how Toyota achieved superior quality and efficiency through principles of waste reduction, flow, and respect for people, Womack reframed these practices as a universal management system, not simply a set of tools or Japanese business peculiarities.
Womack’s framework distilled the essence of lean into the five principles described above and provided a strategic roadmap for their application in manufacturing, services, healthcare, and beyond. His continued research, writing, and global education efforts have made him the most influential figure in the dissemination and application of lean management worldwide.
Summary: Lean is a customer-focused management system for continuous improvement and waste elimination, guided by five core principles. James P. Womack is the most prominent lean theorist, whose research and advocacy helped define, codify, and globalize lean as a foundational approach to organizational excellence.

Polls
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Services
Global Advisors is different
We help clients to measurably improve strategic decision-making and the results they achieve through defining clearly prioritised choices, reducing uncertainty, winning hearts and minds and partnering to deliver.
Our difference is embodied in our team. Our values define us.
Corporate portfolio strategy
Define optimal business portfolios aligned with investor expectations
BUSINESS UNIT STRATEGY
Define how to win against competitors
Reach full potential
Understand your business’ core, reach full potential and grow into optimal adjacencies
Deal advisory
M&A, due diligence, deal structuring, balance sheet optimisation
Global Advisors Digital Data Analytics
14 years of quantitative and data science experience
An enabler to delivering quantified strategy and accelerated implementation
Digital enablement, acceleration and data science
Leading-edge data science and digital skills
Experts in large data processing, analytics and data visualisation
Developers of digital proof-of-concepts
An accelerator for Global Advisors and our clients
Join Global Advisors
We hire and grow amazing people
Consultants join our firm based on a fit with our values, culture and vision. They believe in and are excited by our differentiated approach. They realise that working on our clients’ most important projects is a privilege. While the problems we solve are strategic to clients, consultants recognise that solutions primarily require hard work – rigorous and thorough analysis, partnering with client team members to overcome political and emotional obstacles, and a large investment in knowledge development and self-growth.
Get In Touch
16th Floor, The Forum, 2 Maude Street, Sandton, Johannesburg, South Africa
+27114616371
