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Explain What Is Meant by the "Lean Business Model" and Why

question 190

Essay

Explain what is meant by the "lean business model" and why many businesses have adopted it.


Definitions:

Task Performance

The execution or accomplishment of a specific job or function, typically measured against predetermined standards.

Homogeneous Teams

Groups composed of members with similar backgrounds, skills, and perspectives.

Functional Groups

In chemistry, specific groups of atoms within molecules that are responsible for the characteristic chemical reactions of those molecules.

Homogenous Teams

Teams made up of individuals with similar qualifications, experiences, or demographics.

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