MBA745 MODULE 1 || 100% ERRORLESS ANSWERS.
Fresh Connection correct answers An interactive team-based business simulation which provides
an exceptional means for learning how to lead a business by practicing collaboration &
consensus building.
Five Principles of Lean correct answers 1. Specify Value
2. Identify Value Streams
3. Create Flow
4. Leverage Pull
5. Seek Perfection
Principle correct answers A fundamental truth or proposition serving as a foundation for a chain
of reasoning.
Three Types of Value correct answers 1. Value Add
2. Business Value Add
3. Non-Value Add
Seven Types of Waste correct answers 1. Defects
2. Movement
3. Inventory
4. Poor Processing
5. Waiting
6. Over Production
7. Motion
Two Alternative Types of Waste correct answers 1. Underutilized Employee Capabilities
2. Environmental Waste
Waste correct answers Defined as an act or instance of using or expending something carelessly,
extravagantly, or to no purpose.
Kaizen correct answers Japanese for "continuous improvement". ("Kai" means "to take apart";
"Zen" means "to make good".)
Blitz correct answers German for "lightening fast".
Lean Assessment correct answers An ideal technique for organizations to track their progress
with a transformation.
Sustainable Organization correct answers The ultimate objective with lean transformation
programs. Requires creating a culture where all functional areas are completely committed &
solid support for all value streams in terms of leadership, knowledge, & teamwork. Requires
alignment from suppliers to customers & suppliers using proven best practices & emerging
, trends in relationship management. Requires performance & results which meet customer &
other stakeholder value agreements
Two Responsibilities for a Leadership Team correct answers 1. Create the vision of a sustainable
organization.
2. Define a lean transformation program as a strategic initiative.
Two Measurements that are Important to the Executive Board correct answers 1. Customer
Service
2. ROI
Types of Tools correct answers 1. Value Stream Mapping
2. Root Cause Analysis
3. Standard Work
4. Visual Controls
5. Mistake Proofing
6. The 5S System
7. Changeover Reduction
Lean & Green correct answers The systematic elimination of unsustainable practices.
Environmental Waste correct answers An unnecessary or excessive use of resources or a
substance released to the air, water, or land which could harm human health or the environment.
Lean correct answers The systematic elimination of waste.
Specify Value correct answers Determine value in terms of what your customer needs.
Value Add correct answers Activities which are necessary for meeting customer requirements.
Business Value Add correct answers Activities which are necessary for meeting stakeholder
requirements, often related to maintaining the sustainability of your organization.
Non-Value Add correct answers Activities which are not necessary for meeting customer &
stakeholder requirements.
Identify Value Streams correct answers All activities are required to meet a customer or
stakeholder requirements.
Value Stream Mapping correct answers Involves creating a value stream map of your current
state to see where waste exists to develop a future state map that has much less waste.
Create Flow correct answers Moving along in a steady, continuous stream.
Leverage Pull correct answers A force drawing something toward a particular destination. This
requires a focus on true demand.
Fresh Connection correct answers An interactive team-based business simulation which provides
an exceptional means for learning how to lead a business by practicing collaboration &
consensus building.
Five Principles of Lean correct answers 1. Specify Value
2. Identify Value Streams
3. Create Flow
4. Leverage Pull
5. Seek Perfection
Principle correct answers A fundamental truth or proposition serving as a foundation for a chain
of reasoning.
Three Types of Value correct answers 1. Value Add
2. Business Value Add
3. Non-Value Add
Seven Types of Waste correct answers 1. Defects
2. Movement
3. Inventory
4. Poor Processing
5. Waiting
6. Over Production
7. Motion
Two Alternative Types of Waste correct answers 1. Underutilized Employee Capabilities
2. Environmental Waste
Waste correct answers Defined as an act or instance of using or expending something carelessly,
extravagantly, or to no purpose.
Kaizen correct answers Japanese for "continuous improvement". ("Kai" means "to take apart";
"Zen" means "to make good".)
Blitz correct answers German for "lightening fast".
Lean Assessment correct answers An ideal technique for organizations to track their progress
with a transformation.
Sustainable Organization correct answers The ultimate objective with lean transformation
programs. Requires creating a culture where all functional areas are completely committed &
solid support for all value streams in terms of leadership, knowledge, & teamwork. Requires
alignment from suppliers to customers & suppliers using proven best practices & emerging
, trends in relationship management. Requires performance & results which meet customer &
other stakeholder value agreements
Two Responsibilities for a Leadership Team correct answers 1. Create the vision of a sustainable
organization.
2. Define a lean transformation program as a strategic initiative.
Two Measurements that are Important to the Executive Board correct answers 1. Customer
Service
2. ROI
Types of Tools correct answers 1. Value Stream Mapping
2. Root Cause Analysis
3. Standard Work
4. Visual Controls
5. Mistake Proofing
6. The 5S System
7. Changeover Reduction
Lean & Green correct answers The systematic elimination of unsustainable practices.
Environmental Waste correct answers An unnecessary or excessive use of resources or a
substance released to the air, water, or land which could harm human health or the environment.
Lean correct answers The systematic elimination of waste.
Specify Value correct answers Determine value in terms of what your customer needs.
Value Add correct answers Activities which are necessary for meeting customer requirements.
Business Value Add correct answers Activities which are necessary for meeting stakeholder
requirements, often related to maintaining the sustainability of your organization.
Non-Value Add correct answers Activities which are not necessary for meeting customer &
stakeholder requirements.
Identify Value Streams correct answers All activities are required to meet a customer or
stakeholder requirements.
Value Stream Mapping correct answers Involves creating a value stream map of your current
state to see where waste exists to develop a future state map that has much less waste.
Create Flow correct answers Moving along in a steady, continuous stream.
Leverage Pull correct answers A force drawing something toward a particular destination. This
requires a focus on true demand.
