The Need for Lean Innovation

The Need for Lean Innovation

Lesson
As recently as 15-years ago, most markets had few competitors and significant barriers to entry. Management would decide what product to build, budget the work and assign engineers and developers to the project team. New product development projects would often last for many years. Similarly, companies providing services would keep an eye on market competition and take the long-approach for releasing new offerings, often protected from competition by regional control and deep reputation. Today, the internet, open-sourced solutions, and social media have leveled the playing field. Consumers have one-click buying options for new products at their fingertips. New internet-based services disrupt long-standing businesses such as taxi transportation, insurance, legal services and healthcare. Customers will switch quickly and often to better solutions. Every day our world continues to become more complex.…
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Lean and Agile – Ideas that Work Together

Lean and Agile – Ideas that Work Together

Lesson
Five similarities between Lean and Agile Readers of our blog will be familiar with Lean fundamentals. Many of you have completed improvement projects or attended workshops such as our ‘Introduction to Lean Thinking’ course. Readers of our blog are past or current clients, or people we have connected with in LinkedIn Groups (we recommend Lean Six Sigma and Operational Excellence as great sources of information and energy). Likewise, many of our readers will know that the goal of Lean is to maximize customer value by minimizing non-value added “waste” in processes. Lean changes the focus of management from optimizing separate technologies, assets and vertical departments to optimizing the flow of products and services across technologies and departments. But what about Agile? Some members of our community have started to hear whispering of ‘Agile’ in the hallway -…
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