1. Taking a systemic view of product development where we organize and optimize the teams and other resources (the system) to pull WIP-limited quantities of appropriately-size work items into the system and quickly delivery value to the customer (fast), while adapting to the specific needs of developing novel, non-cookie-cutter solutions (flexible), the whole time relentlessly focusing on removing impediments that inhibit fast and flexible development (to achieve good flow). 2. Term used by Womack and Jones in their book Lean Thinking (1996).
This image is part of the Visual AGILExicon®. You can learn about these images here.