Value generation with focus on lean philosophy as a facilitator for customer perceived value
DOI:
https://doi.org/10.29105/rinn15.29-7Keywords:
customer value, lean philosophy, lean thinking, loyalty perceived value, profitabilityAbstract
In the past twenty years, companies of different types of industry have focused their attention and resources trying to create more value for their customers, they have established according to their own judgment or consulting customers assuming they know exactly what they want and how they want it. However, the reality might be different. The lean philosophy defines the principles that any process (production or service) must follow to deliver more value and generate less waste. So this document proposes that if companies try to focus their efforts on delivering more value to their customers from the Lean perspective, they can generate a greater perception of value, therefore, raise their confidence and gain their loyalty. If it is practiced consistently over time they may achieve sustainable profitability.
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