The Lean Strategy: Using Lean To Create Competitive Advantage, Unleash Innovation, And Deliver 16

As it is mentioned on the introduction part of this study lean as a strategy option is a contemporary endeavor in lean community. Lean thinking is about waste reduction and a paradigm shift in problem solving and creation of value for customers, using lean principles, which are: definition of value, identification of value stream, organize around flow, responding to pull, pursuit perfection Womack and Jones (1996) by doing so the firm could consider focusing on value adding components of the service and product delivery and eliminating and minimizing those activities which have no value for customer or taken as granted.

Whether it is for profit or non-profit every organization has mission, vision, and core values that are achieved through time using organization strategy and every resource at the exposure of the organization that would be mobilized to execute and achieve the envisioned strategy. High impact factor academic research journals were reviewed to compare the various strategy options available for organization to implement. Some of the academic research database searched was: Science direct, Springer, Emerald etc. The key words and phrases used in search were strategy formulation, strategy implementation, strategy and firms market environment, red ocean strategy, blue ocean strategy, lean strategy, industry market space, industry demand, competitive advantage, market competition, value innovation, value proposition, service delivery and combination of the above words.

The Lean Strategy: Using Lean to Create Competitive Advantage, Unleash Innovation, and Deliver 16

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Similarly, lean strategy is arguably a strategy option where organizations benefit from waste elimination, process optimization, and customer value innovation through continuous improvement and employee engagement. Shortcomings of lean strategy: value chain dependent, needs a complete cultural change and employee mindset change to see its result. Unforeseen supply chain disruption could result in products and services provision. In lean practice it is customary to keep the inventory level as low as practically possible, using the practice of Just-in-time (JIT) philosophy. For instance, the global COVID-19 pandemic has resulted in supply chain disruption as countries are closing sea and air borders to contain the outbreak. 2ff7e9595c