What is Kaizen?
Kaizen is a Japanese philosophy of continuous improvement.
How Does Kaizen Work?
Kaizen does not have a set of steps, as it is a philosophy. The idea is that the status quo is not sufficient. Accordingly, companies that adopt kaizen constantly work to improve efficiency, strengthen teams, reduce bureaucracy, and improve employee and customer satisfaction.
Why Does Kaizen Matter?
Kaizen is very popular in the automotive industry, but any manufacturing or process-oriented enterprise can find the idea appealing. As part of their support for the philosophy, many companies encourage and reward suggestions for improvement from employees, suppliers and customers, and they a of emphasis on measurements of improvement over time.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
Investors spend a lifetime developing a suitable philosophy that helps shape their financial decisions. To develop their views, they seek the sage advice of successful investors. The best...Read More →
"Price is what you pay. Value is what you get." -- Warren Buffett Putting his finger on this difference between price and value in ...Read More →
Diversification is perhaps one of the oldest and most important concepts in the entire world...Read More →