What is lean product development
Manage episode 473349315 series 3471569
Uncovering Lean Product Development: Eliminating Hidden Wastes
In this episode, Ed explores the 8 hidden wastes that undermine the efficiency of product teams, focusing on Lean Product Development. He explains the core principles of Lean, compares it with Agile, and offers real-world examples from companies like Toyota and Amazon. The episode emphasizes eliminating inefficiencies, fostering team empowerment, and optimizing workflows for better product delivery. Ed passionately discusses the importance of collaboration and shares actionable insights to apply Lean principles in both professional and personal life.
00:00 Introduction to Lean Product Development
00:33 Understanding Lean Principles
01:01 Core Concepts of Lean Product Development
01:20 The Importance of Experimentation
01:57 Empowering Teams and Building Quality
04:05 Examples of Lean in Action
07:03 The Eight Wastes of Lean
14:38 Real-World Examples of Lean Wastes
18:28 Lean vs Agile: A Comparative Analysis
19:19 Recap and Key Takeaways
19:44 Call to Action: Applying Lean Principles
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