The Main Goal of the Lean Business Model Is the Elimination

question 66

True/False

The main goal of the lean business model is the elimination of waste while satisfying the customer and providing a positive return to the company.

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Definitions:

Organising

The process of structuring and arranging resources and activities efficiently to achieve objectives, often involves creating roles, responsibilities, and relationships.

Quality of Work Life (QWL)

The degree to which employees enjoy their jobs, work environment, and working conditions, aiming for higher job satisfaction and well-being.

Human Resource Utilisation

The effective and efficient use of the workforce in an organization through strategies that enhance productivity and ensure employees' skills are aptly matched with job requirements.

Economic Times

A general term that can refer to the current state of the economy, often used to discuss economic conditions or a newspaper covering economic news.