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.

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Definitions:

Stakeholder

An individual, group, or organization that has an interest in the activities and outcomes of a company or project.

Stockholder

An individual or entity that owns one or more shares of stock in a corporation, making them a partial owner of that company.

Creditor

An individual or institution to whom money is owed by a debtor, typically resulting from a provision of goods, services, or loans.

Proxy Vote

A vote cast by one person on behalf of another during shareholders' meetings, typically when the shareholder cannot attend but wants their vote on corporate matters to be counted.