Examlex
In a lean environment, process problems are more visible than they are in a traditional environment.
Modify Product
The process of altering an existing product's features, design, or specifications to meet new requirements or improve its marketability.
Risks Associated
Potential challenges or uncertainties that could negatively impact an organization or project.
Growth Strategy
Plans of action that businesses use to expand their operations and increase their market share and profitability.
Conducting Market Research
An approach to compile, examine, and deduce insights concerning a marketplace, inclusive of information on potential clients and competition.
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Q134: In the lean principles philosophy, unexpected downtime