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Lean and Personal Development

In: Business and Management

Submitted By mou4u2c
Words 1558
Pages 7
Lean For Personal Development By Salim Khan - 10/11/2012

MGT5090 Prof. R. Thompson

Contents Page
1. Introduction 2
2. Lean Principals 3
3. Applying Lean in other Areas of my Life 6
4. Conclusion 7
5. References 7

1. Introduction

Lean Management Defined: Lean management is a set of principles and business processes which are aimed at identifying and eliminating wasteful expenditure of resources through continuous improvement, thereby increasing value as defined by the ultimate customer.
The aim of this paper is choose 3 Lean principles and then illustrate how these principals impact my personal life. Firstly I will briefly explain the fundamentals of the chosen principals and then contextualise the impact it has on my personal life via specific examples.

2. Lean Principals

An article by Timothy G. Olson, President of Quality Improvement Consultants Inc. et al, 2003, says that, twenty to forty percent of company’s efforts are spent on redoing things that went wrong. Generally, time in manufacturing efforts is considered to be 90% waste and 10% value. More and more companies are realizing that applying lean practices really pays and through the guidance of their managers they are working towards profitability by improving quality, cost, and delivery.
According to Don Tapping and Tom Shuker (2002:50) Lean principles focus on eliminating waste in processes resulting in more production value. Lean teaches us to focus on customer expectations, reducing delivery times and saving on production costs while expanding capacity. Having people focus on valuable task results in companies attracting more customers. The Lean Enterprise Institute has identified a five-step thought process for guiding the implementation of lean techniques (see

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