Importance of Kaizen Approach in Current Market Scenario

The challenge of globalization has revitalized the economies of the most developed and developing countries. Globalization has created new complexities in every industry and requires new strategies and approaches.

Have you ever wondered why some countries have higher economic growth rates than others? Or why do some industries grow faster and more steadily than others? Perhaps the answer could be that everyone believed in constant change for improvement so that the
would outlast the competition.

The business world has changed dramatically in recent years, and the biggest challenge facing most managers/entrepreneurs or any organization today is implementing and adopting change programs. Businesses have become more competitive, and no one can deny that improving quality and efficiency is one of the top priorities in business management today. This is where “Kaizen” comes in and plays a big part.

Kaizen comes from the combination of two Japanese words: “Kai”; and “Zen,” which means “to change”; and good”; and defined as continuous improvement or improvement. Put, and it means ongoing analysis for better performance.Invented and developed in Japan, this Kaizen approach has helped many companies worldwide achieve better operational excellence and increase their productivity.

Designed to achieve better quality with low cost and timely delivery of products, Kaizen usually focuses on setting standards and then repeating those standards for better and maximum performance. It is an approach that aims for perfection by avoiding waste.

It also promotes better communication between different departments through comprehensive quality management. In addition, the Kaizen approach also focuses on maintaining total production and taking care to get the maximum benefit through the effective use of current technologies.

The essential characteristic of the Kaizen approach is that it involves everyone in the organization, from the top managers to the lowest levels of staff, and that the company feels personal to everyone who works there. This indirectly contributes to improving individual performance and motivates better performance. As every employee looks for opportunities to improve, a practical Kaizen approach can lead to better results, such as:

1) Helps reduce waste in areas such as inventory, transportation, and overproduction.

2) Focuses on identifying problems at source and resolving them at conception and, in the event of a situation requiring a change in standards, further assists in changing the standard to resolve the issue.

3) Contributes to positive land use and optimal utilization of production capacity, capital, and employee retention.

4) Kaizen can be easily implemented through the elimination or efficient and well-planned transformation of existing processes

5) It focuses on creative investments and minor improvements rather than significant capital investments, thanks to which it brings immediate results.