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Organizations are eager to understand Lean principles and practices and their impact on enhancing creativity, reducing costs, and raising the quality bar. However, their approach to developing human resources does not go beyond staffing the cream from the leading global educational institutes and sending their people to attend workshops. Companies usually spend more on acquiring latest manufacturing equipment or modern collaboration tools than they do to develop their greatest asset--their people.

Lean Product Development concept isn't a new notion. The practice has been around since the 1980s. An MIT study in the 1980s revealed that manufacturing practices in Japanese automakers were totally opposing to those of auto manufacturers in the rest of the world. These approaches were referred to as "Lean" practices.

By employing Lean Product Development practices and developing key, organizations can improve Innovation, enhance time to market, and reduce manufacturing costs.

This presentation provides a detailed overview of the 3 fundamental questions that leadership should seek answers to before embarking on the Lean Product Development journey:

1. In order to design better products, which critical insights do we need to develop regarding customers, products, and processes?

2. Which mediums, organizational knowledge, and tools are required to develop these insights?

3. Which organizational structures and ways of doing businesses are ideally suited to develop these valuable insights and improving the expertise of developers?

Other topics discussed here include the Takt concept, creative Problem Solving, Testing Models, Gemba, and the 5 phases of the Lean Product Development process.

The slide deck also includes some slide templates for you to use in your own business presentations.

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Source: Lean Product Development & Innovation PowerPoint document

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Lean Product Development & Innovation

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File Type: PowerPoint (pptx)

Tag(s): Innovation Lean Management Product Management

Number of Slides: 27 (includes cover, transition slides)

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Upload date (first version): Aug 6, 2021

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