Asked by Kayla Calvin on Apr 29, 2024
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The main idea underlying the lean business model is the elimination of waste.
Lean Business Model
A philosophy that emphasizes eliminating waste while delivering products or services that meet customer needs.
Elimination of Waste
This term typically refers to efforts to reduce non-value-adding activities in a process, often in the context of lean manufacturing or production to improve efficiency and effectiveness.
- Comprehend the lean business model, including its main idea of eliminating waste and practices for continuous improvement.
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Learning Objectives
- Comprehend the lean business model, including its main idea of eliminating waste and practices for continuous improvement.
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