Management Glossary

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Kaizen

A business management philosophy that originated in Japan, but which has spread around the world. Kaizen is based on the attitude that business processes should be continually re-evaluated to find possible areas for improvement. Under Kaizen, business process improvements typically are not radical, but they are frequent and cumulative. While no single change may be major, the accumulation of improvements over time can be very significant and may afford a company considerable advantages over its competitors. Sometimes also known as continuous improvement.

Contributed by: Managerwise Staff

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