...Acclaim for THE LEAN STARTUP “The Lean Startup isn’t just about how to create a more successful entrepreneurial business; it’s about what we can learn from those businesses to improve virtually everything we do. I imagine Lean Startup principles applied to government programs, to health care, and to solving the world’s great problems. It’s ultimately an answer to the question How can we learn more quickly what works and discard what doesn’t?” —Tim O’Reilly, CEO, O’Reilly Media “Eric Ries unravels the mysteries of entrepreneurship and reveals that magic and genius are not the necessary ingredients for success but instead proposes a scientific process that can be learned and replicated. Whether you are a startup entrepreneur or corporate entrepreneur, there are important lessons here for you on your quest toward the new and unknown.” —Tim Brown, CEO, IDEO “The road map for innovation for the twenty-first century. The ideas in The Lean Startup will help create the next industrial revolution.” —Steve Blank, lecturer, Stanford University, UC Berkeley Hass Business School “Every founding team should stop for forty-eight hours and read The Lean Startup. Seriously, stop and read this book now.” —Scott Case, CEO, Startup America Partnership “The key lesson of this book is that startups happen in the present—that messy place between the past and the future where nothing happens according to PowerPoint. Ries’s ‘read and react’ approach to this sport, his relentless focus on validated...
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...Lean Start-Ups and Creating an Entrepreneurial, Innovating Economy Missouri Southern State University Abstract Whenever a new venture creation business starts, whether it be a brand new company to a previously established business looking to expand its horizons, failure is almost inevitable. But, thanks to the lean start-up business model, success rates have been increasing and showing great results. The lean business model provides, in a way, a safety net during the testing the hypotheses stages of a new venture to where if failure is detected, corrective action can be taken immediately with minimal risk involved due to testing. In today’s economy, employment can be tricky, thus creating an environment where new venture creation along with a lean business model can help to create an entrepreneurial, innovating economy. Lean Start-Ups and Creating an Entrepreneurial, Innovating Lean start-ups are becoming more popular, spreading from just young tech ventures to big, already established companies due to better rates of success compared to traditional business models. When companies use lean business models, they lead the way for an economy that becomes based off of innovation. This paper will discuss lean start-ups and the process of creating an entrepreneurial, innovating economy. Schemerhorn and Bachrach (2015) states three stages to the life cycles of entrepreneurial firms that all entrepreneurs encounter. Those stages being the birth, breakthrough and maturity...
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...Lean is a logical approach to minimize gap between customer’s expectation and actual outcome at the best speed with the lowest cost. Lean.org defines Lean by a succinct definition “Lean is to maximize customer value while minimizing waste. Simply, lean means creating more value for customers with fewer resources”.1 LEAN addresses new reality: 1 What is Lean? Ref: http://www.lean.org/WhatsLean/ The advent of Lean can be traced to after World War II, when Kiichiro Toyoda and other from the Japanese car manufacturer, Toyota, studied Henry Ford’s car manufacturing Production process to develop its own efficient Toyota Production System, using processes that maximized the value for the customer with lesser resources. Ford was the pioneer in bringing together an entire production process in what he termed Flow production. He was able to revolutionize sequential development, in the form of the moving assembly line systems, use standardized parts, develop fabricated components in the manufacturing process which could be assembled to the vehicle in a matter of minutes, to produce Model T vehicles of one variety only. Using what eventually came to be known as principles of Lean production, Toyota and especially its senior executive Taiichi Ohno was able to dramatically produce automobiles at one third the number of engineering hours, in half the amount of time, with higher quality and lesser cost, than the American and European car manufacturers. When Jim Womack...
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...Supply Chain Management Workshop Series: Milk Run Delivery Nowadays, Supply Chain Management becomes a concern of many companies to success their improvement as there are several waste coming from these chains. By reducing all waste in these chains, company will get more benefit. These benefits are speed and responsiveness to customers, reducing inventories, reducing costs, improving customer satisfaction, and also Supply Chain as a competitive weapon. Supply chains that want to grow and continue to improve must adopt lean. Lean is a cooperative process for survival and for success. Lean concepts require an attitude of continuous improvement with a bias for action. A lean supply chain is proactive and plans for the unexpected by positioning all resources for effectiveness. Downturns in demand can be addressed without layoffs or significant productivity losses. A lean supply chain is one that produces just what and how much is needed, when it is needed, and where it is needed. Gaining visibility into your transportation operations all the way from raw materials vendors to your end customers will open the door for communication, process development, and management skills that can be leveraged in other areas like inventory management and procurement. A bonus is that many of the more advanced supply chain visibility tools gaining rapid acceptance in the marketplace are either part of a suite of applications that combines Warehouse Management System (WMS) and Transportation Management...
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...managers seek to determine the most effective method of graphical process representation. This paper will first introduce the two forms of network diagram: Activity on the Arc and Activity on the Nodes. Following which, comparison and contrast based on their flexibility and effectiveness are carried out to determined the optimal method for project managers. 2. The Network Diagrams The network diagram is a useful tool for graphical representation of precedence association between the activities in a project (Larson & Gray, 2011:158). In an activity on the arc network diagram, an arrow is used to represent each activity, which is referred to as an arc (Anderson et. al, 2012:585). A circle called node is used to indicate the start and end of each activity (ibid). The node is often referred to in conjunction with the term event, which represents the finishing of the activity which result in a node (ibid). In an example, “modifying the machine” can be an activity. Upon completion of this activity, the event “machine modified” occurs. An example of activity on the arc network diagram can be shown in Figure 1 below where numbers refer to events while letters refer to activities. Dummy activity is used to accommodate more complicated relationship...
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...MSRSAS - Postgraduate Engineering and Management Programme - PEMP
Module Code Module Name Course Department
EMM515 Lean Operations and Management of Lean Organizations M.Sc. in Engineering and Manufacturing Management Mechanical and Manufacturing Engg .
Name of the Student Reg. No Batch Module Leader
Liju G BUB0912004 Full-Time 2012. SANDEEP. N
M.S.Ramaiah School of Advanced Studies
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...Content Part A1 Network Diagram: AoA or AoN? 1. Introduction …………………………………………………………………….…. 2 2. Comparison Between AoA and AoN …………………………………….……….. 2 3. Network Diagrams with Educational Oriented Discussion …………….…………. 3 4. Conclusion ………………………………………………………………………… 4 Part A2 The machine tool overhaul project Network diagram …………………………………………………………………….. 5 Part B Lean Concept: Value Stream Mapping (VSM) 1. Introduction ……………………………………………………………………..… 5 2. What is Value Stream Mapping ……………...…………………...………………. 5 3. Why Choose VSM and What Are The Benefits ……….…………………...…….. 6 4. Criticism of VSM …………………………………………………………………. 6 5. Conclusion ………………………………………………………………...………. 7 Reference …………………………………………………………………………….. 8 Part A1 Network Diagram: AoA or AoN? 1. Introduction The network diagram provides project managers with information about how the tasks are connected, how long will each task takes and shows all the tasks in the sequential or concurrent way (Taylor, 2008). There are two common methods for constructing network diagrams which are activity-on-arrow (AoA) and activity-on-node (AoN). However, these two methods have some fundamental differences and in practice, the question that which is better, has been asked on many occasions. Hence, this part of essay will analyze the differences between AoA and AoN and carry out some research that why they are different. In addition, these two choices of network diagrams will be illustrated under the academic...
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...builder, but I honestly do not compete, but I am in physical shape and pretty healthy. Over the years I have defined a perfect diet for my health, and has not changed in about three years, but if I do compare diets from seven weeks ago, it has changed quite drastically. During the first week of the course I had explained how during the next few months I am in the stage of the year where we as body builders call it, lean time. Lean time is where I cut down on my ingestion levels for the sacrifice of losing weight. With dropping the intake level it makes or forces the body to feed off the excess and storage the body absorbed during the bulk months. In my lean months I focus on cutting the calorie intake and including excess amounts of repetitions during my workout and lessen the weight. This means more exercises with less weight, which leans the muscle out and burns the fat around it. The more weight less repetitions during a workout will increase muscle size. The first week of the course I was ingesting roughly 900 calories a day, including my typical lean out diet. My lean out diet focuses on ingesting one cup of yogurt a morning for breakfast. For lunch I eat two rice cakes with peanut butter and banana slices over top. Finally for dinner I eat one whole cup of rice and four ounce skinless...
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...processes and tools, the project can results in different profits. Due to the intense competition of market, an emerging system has been created, called the Lean Production Delivery System. In the report, it investigates, analyzes and discusses the methods, processes and tools in current project management approaches and LPDS. Through the comparison of them, the report concludes that the traditional project management is steady and reliable, still the main stream for the current environment. Furthermore, the LPDS is modern and excellent, but it is open to question. Introduction In recent decades, project management plays an essential role in various areas, from the architecture, national defense, and aerospace to the computer, telecommunications, financial industry and even government agencies. Project management developed after the Second World War as one of the new management technologies, organized in the United States. It is defined as that the project managers use the systematic views, methods and theories to effectively manage and operate all the works involved the project, under the condition of limited resource. In other words, project management is planning, organizing, conducting, coordinating, controlling and evaluating from the start of invested decision to the end of project, in order to achieve the project objectives. The contents of project management involve a serious of aspects; for...
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...Tutorial - Full Throttle Engine Most gas R/C models use a 2- or 4-stroke glow engine, sized specifically for that model. Most glow engines have a simple ignition system that uses a glow plug rather than a spark plug so there's no coil, magneto or points. The glow plug is heated by a batteryoperated glow starter. When fuel enters the combustion chamber, it's ignited by the heated glow plug and with that, the engine springs to life, instantly gaining the momentum to continue running after all the starter accessories are removed. The engine's carburetor supplies the fuel and air needed for combustion. It has several adjustments. A rotating throttle arm controls the AMOUNT of fuel and air that enters the combustion chamber. The high- speed needle valve controls the MIX or proportions of fuel vs. air at mid- to high-speeds. The idle mixture screw is similar to the high-speed needle valve, except that it controls the mix of fuel and air when the engine is only idling. When you've adjusted the highspeed and idle mixtures properly, your engine should operate smooth and steady throughout its speed range. Glow plugs A gasoline combustion engine uses a spark plug to ignite the fuel- air mixture within the compression chamber, so a glow or nitro engine uses a small glow plug. Although the plug needs to be heated up using a glow plug igniter initially, once the engine is running, the heat generated within the combustion chamber keeps the plug glowing constantly and is...
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...organization’s specialty care areas is a right focus. In my opinion, PAMF when it’s focusing on care area especially it’s a not-for-profit healthcare organization, its support the providers and patients in their efforts to get to better care. Lean leaders within the organization partners with departments improving innovation and value in healthcare. That quality alliance steering committee, a multi-stakeholder group of employees, insurers, providers,...
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...BUILDING RESEARCH & INFORMATION (2003) 31(2), 119–133 Lean project management Glenn Ballard1,2 and Gregory A. Howell1 1 Lean Construction Institute, 4536 Fieldbrook Road, Oakland, CA 94619, USA 2 University of California at Berkeley, Berkeley, CA, USA E-mail: gballard@leanconstruction.org Projects are temporary production systems. When those systems are structured to deliver the product while maximizing value and minimizing waste, they are said to be ‘lean’ projects. Lean project management differs from traditional project management not only in the goals it pursues, but also in the structure of its phases, the relationship between phases and the participants in each phase. This paper presents a model of lean project management and contrasts lean and traditional approaches. Four tools or interventions are presented as illustrations of lean concepts in action. Keywords: construction management, Lean Project Delivery System (LPDS), lean project management, project management, value, waste Les projets sont des systemes de production temporaires. Lorsque ces systemes sont organise pour fournir le produit tout ` ` ´s en optimisant la valeur et en minimisant les gaspillages, on dit qu’il s’agit de projets au plus juste . La gestion de ce type de projet differe de celle des projets classiques non seulement au niveau des objectifs vise mais aussi a celui de la ` ´s ` structure des phases, des relations entre les phases et des participants a chaque phase. Cet article propose...
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...Rafael Gomes de Carvalho MSE 507 Prof. Scott Wainess Date 10-08-14 Table of Contents 1. The Lean Implementation 2. The Five Principles of Lean a. Specifying Customer Value b. Identifying the Value Stream c. Making the Value Stream Flow d. Implementing Customer Pull e. Pursuing Perfection 3. Insights and Conclusions 4. Appendix The Lean Implementation As we have studied, lean manufacturing is one of the initiatives that many major businesses in the world have been trying to adopt in order to remain competitive in an increasingly global market. The focus of this approach is on cost reduction by eliminating non value added activities. Applications of lean manufacturing have been less common in the continuous / process sector, in part because of a perception that this sector is less amenable to many lean techniques, and in part because of the lack of documented applications. This has caused managers to be reluctant to commit to the improvement program. The chosen article for this case study takes a case based approach to address both issues. It describes a case in which lean principles were adapted for the continuous / process sector for application at a large integrated steel mill. Value stream mapping was the main tool used to identify the opportunities for various lean techniques. The article also describes a simulation model that was developed to contrast the ‘‘before’’ and ‘‘after’’...
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...Top 5 Benefits of Lean Manufacturing Jingchen Cao Oct, 4th 2014 Lean manufacturing is a management philosophy whose goal is to remove wastes and achieve perfection through kaizen with a set of lean principles and tools. The birth of lean was in Japan in Toyota around 1940s. It has many tools or techniques including Kanban, 5S, Value Stream Mapping, JIT and so on. This article will introduce you to the top 5 benefits that you should know your company is considering implementing lean manufacturing. 1. Eliminate wastes Generally, lean thinking considers 7 major forms of waste including overproduction waste, waiting time waste, transportation waste, processing waste, inventory waste, motion waste and defects waste. Lean manufacturing is an effective way for companies to investigate wastes and remove them. Then companies will abolish time spend on non value-added activities. Source: Lean Operations Handouts 2. Save Time It is true that less inventory leads shorter lead-time. Lean manufacturing generates fewer inventories and less non value-added tasks, so the lead-time will be reduced correspondingly. Furthermore, employees will work more efficiently and save more time due to implementing lean manufacturing. Standard operation process in lean manufacturing guarantees employee fewer mistakes and higher efficiency. 3. Control Quality One lean manufacturing tool is single-piece flow, which suggests working on one product at a time instead of batching and lot production...
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...discussed, with reference to specific supply chain issues. It is concluded that Six Sigma does have something novel to offer organisations over and above the contribution of existing approaches to supply chain improvement, and a conceptual model is proposed that is consistent with the literature and has potential to support such an introduction. Although rooted in the supply chain realm, SCOR adherents see a role for the methodology as the gatekeeper – identifying the projects most likely to render ROI using SCOR, Lean or Six Sigma. There is already a natural link between Lean and Six Sigma at the program and project execution level. The model integrates the Balanced Scorecard, SCOR model (Supply Chain Reference model) and Six Sigma DMAIC (define, measure, analyse and improve) methodology in a two-level framework. This is a strategic-level cycle, developing focused projects to generate maximum business benefit, and an operational-level cycle, applying Six Sigma and lean tools in a DMAIC cycle to deliver supply chain improvements. Cautions and requirements for the success in practice of such a model are discussed and it is concluded that the model should be tested in practice to validate and develop further the methodology. Keywords: Six Sigma; Supply...
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