Lean Innovation
- Resource Type
- RTM Publication
- Publish Date
- 03/04/2018
- Author
- Jim Euchner
- Topics
- Breakthrough Innovation, New Product Development, Business Model Innovation
- Associated Event
- Publication
The principles of lean manufacturing have increasingly been adapted to create practices for lean innovation. The common elements of such systems in practice are a relentless focus on the customer; the use of quick, iterative learning cycles; and the elimination of waste in the innovation process (Marion 2015). These practices are emerging as separate threads in new product development (Agile methods), new business model creation (Lean Startup), and even the redefining of industry boundaries.