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#53 Todd Wenning on Lessons from the Titans
Investing by the Books
Success of Danner Business System and its Unique Approach
The Danner business system, based on lean systems from Japanese manufacturers like Toyota, has become the gold standard for industrial companies. Its replicable and systematically applied approach has been emulated by many other operating systems in industrial companies. The system's unique feature is its ability to pivot and let go of legacy systems when they no longer see value in them, which is rare for businesses. Most companies struggle to release legacy assets due to the emotional attachment and difficulty in behaviorally letting go. The Danner approach is deemed unique and difficult for most companies to replicate. The system's success is attributed to its unique ability to adapt and its fantastic process, which is detailed in a book, encompassing various metrics such as output per employee and on-time delivery.
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