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Kaizen
Kaizen
Japanese concept not made redundant by the decline of the Japanese economy which may be due to other institutional factors! Focus on gradual and continuous improvement A whole business philosophy Importance of EVERYONE buying into the concept and the vision
Kaizen
Efficient stock control methods help reduce costs and improve cash-flow
help increase efficiency, reduce costs and improve motivation Leadership seen as vital. Ability to communicate a clear vision, take people along with the vision and to think about where the company needs to be in 5, 10, 15 and 20 years time Fundamental principles often characterised as lean production reducing waste, zero defects, high quality control measures at all stages