TY - GEN
T1 - Promoting innovations in a lean organization through innovative value stream mapping
AU - Peek, Brian
AU - Chen, Hongyi
PY - 2011
Y1 - 2011
N2 - Lean management and innovation management both play important roles in today's business success by reducing waste and increasing profit. However, as previous studies show, conflicting ideas exist in the philosophies of these two areas, and being too lean may deteriorate a company's innovation capability in the long term. To achieve an optimal balance between lean and innovation, several core concepts in both areas need to be studied and compared. In this paper, we focus on bringing the definition of value in lean management to be in line with the definition in innovation management. Based on such definition, innovation driving activities can be properly incorporated into the value stream mapping process in a company's lean practice. As part of the improved value system, effective rewarding system and management style that encourage innovative activities in a lean organization are also suggested.
AB - Lean management and innovation management both play important roles in today's business success by reducing waste and increasing profit. However, as previous studies show, conflicting ideas exist in the philosophies of these two areas, and being too lean may deteriorate a company's innovation capability in the long term. To achieve an optimal balance between lean and innovation, several core concepts in both areas need to be studied and compared. In this paper, we focus on bringing the definition of value in lean management to be in line with the definition in innovation management. Based on such definition, innovation driving activities can be properly incorporated into the value stream mapping process in a company's lean practice. As part of the improved value system, effective rewarding system and management style that encourage innovative activities in a lean organization are also suggested.
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M3 - Conference contribution
AN - SCOPUS:80053352459
SN - 1890843245
SN - 9781890843243
T3 - PICMET: Portland International Center for Management of Engineering and Technology, Proceedings
BT - PICMET'11 - Portland International Center for Management of Engineering and Technology, Proceedings - Technology Management in the Energy-Smart World
T2 - Portland International Center for Management of Engineering and Technology - Technology Management in the Energy-Smart World, PICMET'11
Y2 - 31 July 2011 through 4 August 2011
ER -