Is Lean Management doomed in the age of Innovation?

Is Lean Management doomed in the age of Innovation?

Despite debates on its obsolescence, Lean Management remains a popular methodology. While it focuses on incremental changes to improve efficiency and quality, it has limitations such as deterring innovation. Innovation, on the other hand, is seen as a complementary approach. Lean and Innovation Management share critical factors, which makes them stronger when combined. A study on the implementation of Lean in international manufacturing found that an innovation orientation has positive impacts on continuous improvement initiatives and innovation performance. Leaders understand the positive combination of Lean and Innovation, and companies must achieve a balance between the two to evolve in an agile, consistent and continuous way.

View

More Innovation Resources:

How to NOT Build Corporate Innovation Labs

View
The 8 Forms Of Lean Waste Applied Business Extra Production

The 8 Forms Of Lean Waste Applied Business Extra Production

Extra-processing is a type of waste that occurs when unnecessary features are added to a product or when employees do more work than required. It can be reduced using an innovation management software platform.

View

The Venture Studio Business Model, Explained  | Corporate Lab

Venture studios are becoming popular in the business world, as they rapidly build and develop new companies. They use their resources and expertise to create startups, from identifying opportunities to scaling the business. They earn equity or payment for their services in return.

View