What does the term "Lean" primarily focus on in a business context?

The term "Lean" primarily focuses on reducing waste and improving processes in a business context. Lean methodology emphasizes efficiency by streamlining operations and eliminating activities that do not add value to the customer.

Key principles of Lean include identifying value from the customer's perspective, mapping the value stream to visualize the flow of materials and information, and implementing continuous improvement practices to enhance performance. By focusing on waste reduction, organizations aim to use their resources more effectively, minimize excess costs, and improve overall productivity. This approach not only helps in improving processes but also leads to higher quality products and better customer satisfaction. Thus, the emphasis on waste reduction and process improvement is central to Lean thinking.