Final answer:
Scrumban is the management framework that combines the structured project management aspects of Scrum with the continuous flow and process improvement elements of Kanban, aiding in innovation and effective workflow management.
Step-by-step explanation:
The term for the management framework that emerges when teams use Scrum as their chosen way of working and apply the Kanban Method to continuously improve their processes is Scrumban. This framework combines the structure of Scrum for project management with the flow-based efficiency of Kanban to promote innovation and continuous process improvement.
By using Scrumban, teams can adapt to changes more quickly, manage workflow more effectively, and enhance collaboration. By blending the best features of both approaches, they strive to maximize value and minimize waste in their product development processes.