Why Is Billable Viable Product An Alternative To Minimum Viable Product
Lean
Muda, Mura, and Muri are Japanese terms that refer to the three categories of waste found in a business. Understanding each is key to implementing proper lean manufacturing processes.
BVP helps you understand if your product is worth pursuing within a shorter span of time, unlike MVP, which makes you go back and forth with multiple feature modifications and changes without being sure if the customer will actually buy the product. The BVP model is undoubtedly the future for lean startup techniques.
In the world of Lean, there are three terminologies used in the domain of improvement: Kaizen, Kaikaku and Kakushin.
The elemental difference between kaizen and innovation is in the way they are implemented and the results they are bringing to the company, even though both bring improvements in the company.
Planning is important, BUT…
All process improvement initiatives are built on the foundation of continuous improvement that drives critical business outcomes like reduced operational costs, greater efficiency, and a better customer experience.
Why is the lean start-up the game-changer in the digital age?
A fishbone diagram is undoubtedly one of the best tools to find and visualize the root cause of any problem.
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