Kaizen is a Japanese term that translates to continuous improvement.
Kaizen’s business application is likened to the ancient tale of two animals, the hare and the tortoise. In terms of business success, this enforces the idea that slow and steady wins the race.
According to Milestone Management Consultants, the practice of Kaizen is vital for any business looking to be in the industry for a long time. It’s an essential pillar of an organization’s competitive strategy.
Kaizen in Translation
The innovations in an institution that follows the Kaizen philosophy calls for not just any alterations in its system, but a positive change or a renewal. As for any thriving and booming entrepreneurial ventures, the secret lies in both the reinvention and the culmination of past principles to adapt to the changes. This is a well-ingrained concept in almost every business management protocol.
Old Dogs vs. New Pups
Implementing Kaizen is easier for newer organizations than for established ones. Since newly formed businesses can decide on what systems to follow, they can align better with the current market. But, for tenured organizations, this is a hard thing to implement because the management is more inclined to trust what worked before.
The key to a successful integration of Kaizen to the business operation is asking yourself if what you have attained is the best possible outcome. Your answer will determine the future success or the plateau and ultimate decline of the company. Because Kaizen is a philosophy centered on testing and questioning the efficiency of the old and new systems, becoming satisfied is the worst thing you can do.
Whether you’re part of an organization or you’re leading it yourself, remember that Kaizen is everybody’s job. When an employee becomes satisfied with his or her job, the productivity might not decrease, but the business will never reach new heights.