Examlex
An operations strategy reflecting the lean philosophy of production should recognize that lean:
Maximization
The process of seeking the highest possible outcome or result from a set of choices or actions.
Base Rates
Basic pay rates established for roles or tasks before any additional benefits or allowances are added.
Not-invented-here Bias
A mindset or culture where innovations or solutions developed outside a particular group are undervalued or rejected, regardless of merit.
Conservative Decisions
Decision-making approaches that prioritize risk-aversion and stability, often favoring traditional methods over innovative solutions.
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