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Lean Strategy - Explained

What is a Lean Strategy?

Written by Jason Gordon

Updated at April 7th, 2022

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Table of Contents

What is a Lean Strategy?Academic Research on Lean strategy

What is a Lean Strategy?

Lean strategies focuses on producing more with less input. Thus, it seeks to eliminate waste throughout the entire manufacturing process. Efficiency can be achieved in two ways:

  • Technical Efficiency Here, a firm that produces the maximum amount of products given limited resources and capital is said to be technically efficient.
  • Economic Efficiency - This deals with minimizing manufacturing costs through wise allocation of resources to achieve the best output. A firm whose main goal is maximizing profits should also efficiently allocate resources to keep costs down.

Lean strategies seek to enhance the technical efficiency of a firm, methodologies, and processes. Lean firms reduce wasted time, human resources, and space.

Back to: STRATEGY & PLANNING

Related Topics

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  • Functional Strategies
  • Organizational Strategies
  • Operational Strategy
  • Contestable Market Theory
  • Value Disciplines
  • Porter's Generic Strategies
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  • Commoditize
  • Niche Market Strategy
  • Long Tail
  • Low-Cost Production
  • Resource-Based View of the Firm
  • Ansoff Matrix
  • Customer-Centric Strategy
  • Blue Ocean Strategy
  • Overfished Ocean Strategy
  • Hedgehog Concept (Strategy)
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  • Loss Leader Strategy
  • Lean Strategy
  • Game Theory Perspectives


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