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.

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How to overcome the fear of failure Dr Ken Hudson

Overcoming a fear of failure is crucial for innovation, but it can be difficult. Strategies such as viewing failure as a team process and reframing it as a learning opportunity can help.

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What is the Difference Between Venture Capital & Corporate Venture Capital? | Corporate Lab

Learn the difference between venture capital (VC) and corporate venture capital (CVC) and how CVC helps large companies maintain their competitiveness in the market.

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