The onslaught of COVID-19 has meant that almost no business model this year will meet the 2020 goals it created for itself. Growth targets, production levels and bottom-line profits have all been pushed off track, in some cases radically. That has CEOs and managers scrambling for strategies. It has also made “lean management” the [...]
Lean management is a great business tool, as it allows businesses to run efficiently, which cuts costs and improves product quality. However, there are hurdles that many companies run into when implementing this method. Do not fret if the following become your reality; instead, prepare for them ahead of time so you know how to [...]
Lean management is a style of management that focuses on customer success, eliminating waste, and continual change. Companies that are struggling to get by or that must change their antiquated systems and processes are great candidates for implementing lean management. Yet, while this sounds good on paper, it can be tough to understand where to [...]
Lean management is a term thrown around by many successful business people, but what exactly is it? At its core, lean management means “creating more value for customers with fewer resources,” according to Lean Enterprise Institute. While this sounds like a cost-cutting project, it is actually not only about cutting costs. It is about creating [...]
