Making a Refrigerator with Lean Start up and Agile Principles

Interesting blog that describes how GE applied Lean Start-up practices and Agile principles to developing a refrigerator. They highlight three main areas that needed changes and focus – Supplier relations, Finance and Leadership roles and responsibilities.

This was a pilot in GE Appliance, from which they benefited tremendously and are considering to expand this throughout the behemoth that GE is.

To quote from the blog, “The results GE Appliance has achieved so far are striking: half the program cost, twice the program speed, and currently selling over two times the normal sales rate.”

I think this example shows that

With an organizational will to not shy away from making fundamental changes where needed, true agility is possible and tremendously rewarding of course.

Enjoy the blog.

http://blogs.hbr.org/2014/04/how-ge-applies-lean-startup-practices/

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