#1 – Take an economic view

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While you may ignore economics, it won’t ignore you.

—Donald Reinertsen, Principles of Product Development Flow

Abstract

Achieving the lean systems builder’s goal—sustainably shortest lead time, with best quality and value to people and society—requires a fundamental understanding of the economics of the systems builder’s mission. Without such an understanding, even a technically competent system may cost too much to develop, take too long to deliver, or have manufacturing or operating costs that cannot support economically efficient value.

To this end, systems builders—as represented by the entire chain of leadership, ...

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