Lean Enterprise Value: Insights from MIT's Lean Aerospace Initiative

From air races to moon races, the mantra of aerospace has always been Higher, Faster, Farther . The field has been driven by, and has thrived on, the technical challenges of air and space flight. Since 1915 in the United States, when the National Advisory Committee for Aeronautics (NASA s predecessor) was formed, the national and international prestige of aerospace and the need for military superiority have driven national investments.
Aerospace is, and will continue to be, a flagship industry of the United States, as well as of many European, Asian, and other countries of the Americas. And it promises continuing excitement and challenge. But aerospace also promises to be much different in the future from how it has been in the past. That is the subject of Chapter 1, The 21st-Century Enterprise Challenge . It is a challenge some industries have already faced, and that others will face in the future.
A fundamental understanding and implementation of what we term lean enterprise value is central to the transformation of aerospace. Focusing on aerospace surfaces new insights about the concepts of lean , enterprise , and value . In Chapter 1, we lay out five fundamental principles for creating lean enterprise value. These principles, and the resulting value creation framework, can be applied at the level of an individual program or platform, and apply as well at the level of a corporation or government...