Identify a key strategic challenge for the bike company (for example, continuing to maintain its current levels of success or overcoming a key limitation that is preventing the company’s full success) and explain how/why, and based on what strategic analyses/frameworks, you reached this conclusion.  b) Identify your key recommendation for addressing the strategic challenge, and explain how the company could implement this recommendation and how it would help in achieving your stated intended objective.

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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.