“Lean Principles” for the 15th Class of Postgraduates

Within the second semester at GPE, Karl McKraken (Newcastle, UK) on September 27-29, 2012 held lectures from the course Operational Management. Karl presented examples of good practice of small and medium entrepreneurs from South East England in application of “Lean Principles” in the conduct of business, and students were introduced to the process through an improvised workshop. In short, “Lean Principles” entail continuous rationalisation of business processes, establishment and application of quality standards, improval of internal communication through use of visual management, and the continuous aspiration for improvement of the business system.