What is Kaizen?

About Kaizen:

• Kaizen is a compound of two Japanese words that together translate as "good change" or "improvement."
• Kaizen is a Japanese business philosophy that encourages continuous improvement involving employees at all levels of a company.
• The concept of kaizen encompasses a wide range of ideas.
  • Those include making the work environment more efficient by creating a team atmosphere, improving processes and procedures, ensuring employee engagement, and making jobs more fulfilling, less tiring, and safer.
• The goal of Kaizen is to make small changes over a period of time to drive continuous improvement within a company.
  • The Kaizen process recognizes that small changes now can add up to huge impacts in the future.
  • Ultimately, that can mean better quality control, more efficient processes, and the elimination of waste, among other benefits.
• Under Kaizen, improvements can be initiated by any employee at any time.
• The philosophy is that everyone has a stake in the company's success, and everyone should strive, at all times, to help make the business better.

Q1: What are the five steps of Kaizen?

Applying Kaizen's five steps—identify the problem, analyze the problem, develop solutions, implement solutions, and review and standardize—creates a structured approach to continuous improvement. This method ensures that manufacturing processes become more efficient, cost-effective, and quality-oriented.

Source: How firms like Samsung view labour