Examining the Effect of Lean Innovation on Production

Abstract

Lean production philosophy enables businesses to produce more effectively by eliminating waste in their processes. Innovation is defined as the realization of new or significantly improved products or services. Nowadays, businesses want to realize their innovative products or services effectively at low costs. In this context, the concept of lean innovation, which is the combination of both lean and innovation concepts, emerges. Lean innovation not only provides businesses with a competitive advantage in existing markets, but also has the potential to enter new markets and create growth opportunities. Businesses that adopt lean innovation can achieve a competitive position by quickly adapting to changing market conditions. Thanks to a culture of continuous improvement, businesses become more flexible and adaptable and can respond quickly to customer demands. This study aims to examine lean innovation, which is a new concept in the literature. In this context, the concepts of lean philosophy, innovation and lean innovation were introduced. Information about the features, importance and processes of lean innovation is given and how it can be implemented is explained. The study shows that lean innovation is an important strategy for businesses and will be more widely adopted in the future as it will enable rapid adaptation to changing market conditions and sustainable growth.

Keywords

• innovation
• lean innovation
• production
• lean philosophy