Minh Nguyen Dang,

School of Business Administration,

University of Economic and Business, 

Vietnam National University,

Ha Noi, Viet Nam,

E-mail: Dangminhck@gmail.com

Dangminh@vnu.edu.vn

A NEW DECISION MAKING MODEL BASED ON THE MADE IN VIETNAM LEAN MANAGEMENT PHILOSOPHY

Abstract. The main purposes of this research are to develop a new scientific decision making model based on the Made in Vietnam lean management philosophy, that has been developed and applied successfully at over 200 enterprises in Viet Nam in order to support these enterprises in their business decisions. The model was built from the practical point of view (observation, surveys, in-depth interviews, case studies) for finding out the methods of optimal thinking in order to analyze the current situation, construction, development, as well as verification of the optimal models. The model proposed in this research has been confirmed valid by both big businesses and SMEs in Vietnam. The model can be used not only for Vietnamese enterprises but also for other enterprises in both developing and developed countries.

Received: November, 2017

1st Revision: December, 2017

Accepted: January, 2018

DOI: 10.14254/2071-789X.2018/11-1/3

JEL Classification: M1, L2

Keywords: decision making model, the Made in Vietnam lean management philosophy