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Lean Innovation

Meaning ● Lean Innovation, within the context of SMB growth, centers on systematically minimizing waste and maximizing value delivery during the development and implementation of new products, services, or processes. ● This approach emphasizes rapid experimentation and iterative improvement, vital for SMBs to compete effectively. ● Focused on automation opportunities, it seeks to streamline workflows, enhance efficiency, and reduce operational costs. ● Lean Innovation for SMBs is about strategically implementing changes that yield significant improvements with minimal resource expenditure, enabling agile adaptation to market demands.