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Entrepreneurs of conventional businesses are required to develop a 5-year business plan.

Typically, traditional enterprises follow a conventional, resource-intensive, and costly method involving thorough reflection, planning, and implementation with little customer interaction and feedback. To persuade potential investors that the approach is a viable investment, careful consideration of comprehensive financial projections is required during the planning phase.

After receiving financing from ventu

Top products are the creation of top designers and developers. Lean Product Development helps in developing expert designers and developers, who are excellent problem solvers and are adept at creating innovative solutions.  Developing Key Talent for Product Management accelerates Innovation and time to market while lowering costs.

Managers responsible for developing creative products and solutions need to take 5 key steps, in order to facilitate Learning and Development of Key Talent in the manuf

Taiichi Ohno, a Japanese industrial engineer, is regarded as the founder of the Toyota Production System. Ohno discovered seven lean wastes (Muda in Japanese) in manufacturing processes while looking for better ways to optimise resources (the 8th waste was added in the 90s).

The 8 wastes are known as TIMWOODS —

• Transportation
• Inventory
• Motion
• Waiting
• Overproduction
• Over-Processing
• Defects
• Skills

The 8 waste methodology was initially designed for the automotive industry. However, as time passed, multiple i