In: Accounting
Explain at least two differences of lean versus agile performance management
| PARTICULARS | LEAN | AGILE | 
| 
 APPROACH  | 
Lean provides a Holistic approach to make an Organization or process more effective and efficient. lean is more like a philosophy which has different philosophy of cultural change, mindset change along with the tool kit embedded in it. | it is based on the philosophy of efficient project management specific to application development. Agile is more of a technique suitable for the software development industry | 
| INDUSTRIES | 
 Lean as a methodology can be used for any industry / business / domain  | 
Agile is specific to increasing the speed of application development in software industry | 
| TOOL KIT | 
 Lean has a brad range of tool kit such as value steam map(VSM), waste analysis, kanban, heijunka , jidoka , multitasking , supermarket , visual management , empowerment etc...  | 
Agile uses a set of tool kit primarily taken from Lean. Some lean tools being used in Agile development are multitasking, kanban, empowerment, visual management etc... | 
| METHOD | 
 it is strategic  | 
it is tactical | 
| CONCERNS | 
 optimization of Production Process  | 
optimization of development process | 
| 
 BORN IN  | 
born in industrial sector with the intention of production system more efficient | born in creative and software development environment | 
| QUALITY | 
 Perfect quality  | 
acceptable quality | 
| 
 emphazise on efficient use of resources  | 
emphazis on continuous changes | |
| 
 mass production  | 
mass customisation | |
| 
 minimum inventory  | 
inventory buffer |