How lean are financial service companies really? Empirical evidence from a large scale study in Germany

Purpose – Lean thinking is important for a successful implementation of process-driven changes. Especially financial service providers are forced to improve their organisational efficiency due to intense competition and regulatory burdens. The purpose of this paper is to identify how lean financial service companies in Germany are. Design/methodology/approach – A quantitative survey published online is used. In total, 3,624 employees from every hierarchical level participated in the study. Findings – The results not only reveal that there is only a moderate lean thinking in financial service companies. We rather observe a “lean fata morgana”. Employees in general believe they are leaner than their actual behaviour discloses. In addition, managers perceive their work environment leaner than subordinates do. At the same time, managers do not behave lean as they spend almost a third of their working time with operational work instead of guiding the employees. Research limitations/implications – Answers are b...

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