One Inherent Risk to Using Lean Philosophy Is That Companies

question 83

True/False

One inherent risk to using lean philosophy is that companies are at higher risk of inventory shortage during volatile times such as strikes,weather,etc.than when using the traditional philosophy.

---

Definitions:

Differential Economic Success

Variations in the levels of economic prosperity achieved by different groups or individuals, often influenced by factors such as education, social capital, and discrimination.

Ethnic Groups

Communities or populations that share a common cultural background, heritage, language, or religion, and are often distinguished by social, cultural, or national boundaries.

Structural Conditions

The institutional and societal systems, arrangements, and frameworks that shape individual and group behaviors and opportunities.

Multiculturalism

The co-existence of diverse cultures, where culture includes racial, religious, or cultural groups and is manifested in customary behaviors, cultural assumptions and values, patterns of thinking, and communicative styles.