The Lean Model is a business methodology that emphasizes the creation of value for customers while minimizing waste and maximizing efficiency. It is based on the principles of Lean Manufacturing, which were originally developed by Toyota in the 1940s and 1950s.
The Lean Model is characterized by a focus on continuous improvement and the elimination of waste in all forms, including overproduction, defects, waiting, non-utilized talent, transportation, inventory, motion, and extra processing. By reducing or eliminating these forms of waste, businesses can increase efficiency, reduce costs, and improve quality, while delivering better value to customers.
The Lean Model also emphasizes the importance of customer feedback and the rapid iteration of products and services based on that feedback. This approach involves creating a minimum viable product (MVP) and testing it with customers to gather feedback and refine the offering over time. By prioritizing customer feedback and iteration, businesses can improve their products and services more quickly and efficiently, while minimizing the risk of developing products that do not meet customer needs.
Overall, the Lean Model has become a popular approach for startups and established businesses alike, as it provides a framework for creating value for customers while optimizing operations and improving outcomes.
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