The Lean Method Involves Which of the Following Steps

question 2

Multiple Choice

The lean method involves which of the following steps?

• A)Opportunity identification and value proposition
• B)Design thinking and prototype
• C)Validation,business model and lean business plan
• D)All of these choices

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Definitions:

Value Creation

The process through which businesses generate goods or services that are worth more than the cost of the resources used in producing them, thereby enhancing the wealth of their stakeholders.

Realized Profits

The gains that are made from selling assets or investments for more than the purchase price, and have actually been received as opposed to simply existing on paper.

Job Satisfaction

The level of contentment employees feel regarding their jobs, which can affect their performance and retention.

Technological Condition

Refers to the state and level of technological advancement and infrastructure in a particular area or society.