Lean: How to speed up your business

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The two core tenants of lean are:

  1. Continuous improvement

This tenant is formed from these important principles:

a) Genchi Genbutsu (go and see)

It suggests that in order to truly understand a situation one needs to go genba or, the “real place” – where work is done

b) Kaizen

Kaizen is the Japanese word for “improvement”. In business, kaizen refers to activities that continuously improve all functions and involve all employees from the CEO to the assembly line workers.

c) Lead your business with an understanding of the challenges to come and how to face the coming challenges with the right mindset. Challenge leads to growth which leads to positive progress.

d) It is important to regularly challenge preconception your business might have across the board. It is best to determine waste and start improving internally.

  1. Respect for people

This tenant breaks down into primary ideas:

a) Respect for your customers which means truly listening and considering their problems while always striving for a joint trust.

b) The second is team work which expresses itself in a commitment to improving team members and thereby the company as a whole.

Lean
Joe Bronski

Waxdale Advisors is one of the 6 management service companies part of 400 Startups. Its services include IT project management, project advisory, and startup advisory.

https://waxdaleadvisors.com/

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