In the 1990s while first learning about Japanese manufacturing and Toyota, I was also studying organizational development. A retired University of Michigan researcher, Lawrence Lippitt, ran a monthly ...

Lean manufacturing is a production theory that emphasizes the elimination of waste in all forms. Resource expenditures that do not contribute to the value of a product are wasteful in a lean ...

Under Lean Thinking, waste or muda for the Japanese is the perpetual villain for any manager worth their salt. It’s the uninvited guest at your productivity party, stealing time, talent and treasure.

A lean business model is an approach to business development that focuses on creating value for the customer while minimizing waste within the organization. This model derives its core principles from ...

Waste elimination still has tremendous value, though, and should drive actions. Here are some tips to get the most out of waste elimination. When I ask people to define lean, as often as not the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

As a business philosophy, lean focuses on creating value for customers by removing product-related preconceptions and ideas from the organization. Through constant market testing and customer insights ...