This semester again, an MDi Pakistan MBA student has made us proud by winning the University of Southern Queensland Australia International Partner Prize award from USQ. Humayun Akram Tiwana has been selected by the USQ faculty and staff to receive the USQ International Partner Prize for 2014.
Lean thinking principles essentially consist of a five-step thought process proposed by Womack and Jones in 1996 to guide managers through a process of lean transformation. Lean thinking is equally applicable in manufacturing (enhancing quality and reducing waste), in entrepreneurial startups where being lean and thinking lean are essential for survival and in large enterprises that have grown to the point where they need to rethink processes and client interfaces. Here are the five principles…