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October 15, 2022

Latest Article: Lean Fundamentals for Beginners

Fundamentals of Lean
Last Update: Lean Fundamentals for Beginners
Lean Articles

October 15, 2022 Articles

Lean Articles

October 15, 2022 Articles

Fundamentals of Lean

Lean Fundamentals for Beginners

Summary

Lean fundamentals are a great place to start for businesses looking to improve efficiency and create more value. This set of principles has been proven repeatedly to help organizations reduce costs, eliminate waste, speed up production times, increase quality control measures and even improve customer service. It is truly remarkable what can be accomplished when executives understand the basics of Lean methodology and apply them in their organization.

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Business & Management

How Business and Management are Connected

Understanding the connection between business and management is crucial for any successful enterprise. Business refers to the activities involved in producing, buying, or selling goods or services with the aim of generating profits. Management, on the other hand, is the art of planning, organising, leading, and controlling an organisation’s resources to achieve specific goals. Both concepts are intrinsically linked; effective management practices are vital for a business to thrive and grow. By aligning strategic objectives with efficient operational processes, organisations can optimise performance across all levels. This synergy between business activities and management strategies facilitates not only profitability but also sustainable long-term growth.

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