ABSTRACT
In times of a crisis or serious discussion or concern, a former manager of mine used to describe the ensuing fallout as “a lot of churn.” Without a doubt, there is a lot of churn in the Žnancial markets at the moment! History (as well as a few authors and academics) will write the whole story in detail. Our concern here is the impact of the credit crunch, subprime, and recession issues of 2008-2009 on the uptake and progression of lean thinking concepts in businesses-at least in the Western countries.
