ENTREPRENEURSHIP

Detailed explanation-1: -Kaizen (or ‘continuous improvement’) is an approach of constantly introducing small incremental changes in a business in order to improve quality and/or efficiency. This approach assumes that employees are the best people to identify room for improvement, since they see the processes in action all the time.

Detailed explanation-2: -Continuous Improvement is an incremental and sustainable approach to change. It focusses on small, regular efforts to improve standardised work that are typically both low in cost and risk.

Detailed explanation-3: -Continuous process improvement (CPI) is the practice of making incremental changes to your business processes to improve efficiency and quality. Continuous process improvement is sometimes also known as ‘continual process improvement’.