EFESO has a proven track record of helping leading companies across diverse industries turn innovation into a competitive advantage. We look at both the Efficiency, which refers to the volume of output, as well as the Effectiveness, which refers to the ‘Lift’, or business impact of innovation. We utilize a 7+1 approach which focuses on the 7 key elements of lean innovation plus perhaps the most important aspect; the connection between the performance of the development organization and the performance of the business.
Lean product development can be overwhelming. In order to simplify the concepts and break the system into manageable parts, we have defined seven key elements/principles to lean product development. We refer to these seven elements in combination with the overarching requirement of linking LPD initiatives to business results as the “7+1 principles.”
