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Expanded, updated, and more relevant than ever, this bestselling business classic by two internationally renowned management analysts shows how companies of any size in any industry can seize opportunities in the post-bubble economy.Instead of constantly reinventing business models, lean thinkers go back to basics by asking what the customer really perceives as value. The next step is to line up value-creating activities for a specific product along a value stream while eliminating activities (usually the majority) that don't add value. Then the lean thinker creates a flow condition in which the design and the product advance smoothly and rapidly at the pull of the customer (rather than the push of the producer). Finally, as flow and pull are implemented, the lean thinker speeds up the cycle of improvement in pursuit of perfection. The first part of this book describes each of these concepts and makes them come alive with striking examples.Lean Thinking clearly demonstrates that these

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