The Bolton Consulting Group (BCG) Matrix otherwise known as Growth/Share Matrix is an important tool that helps the owner of the small and medium enterprise to review his/her portfolio of business with regards to increase in investment in that sector or discontinue the investment all together. Discuss how and why the decision to invest more or discontinue the investment all together is reached

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Lean Production

The word lean refers to the “slim “that is used in manufacturing for the systematic designing that focuses on minimizing the waste in the manufacturing or production with the constant productivity of the operation. Lean manufacturing was rooted from Toyota Production system a Japanese manufacturing company that works on the approach of minimizing the non-value-added activities and making the production lean.