Kaizen

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  • Kaizen
    • Continuous form of innovation
      • Encourages employees to improve the way they work & processes they use
        • Small changes add up over time and lead to innovation
    • Give workers control over decision making
      • Workers encouraged to ask Why? Why? Why? ???? until they reach the root of the problem
      • Creates a working environment where innovation can thrive
    • Benefits
      • Drives innovation
      • Company doesn't have to spend lots of time and money on research
      • Processes become more efficient continuously
    • Drawbacks
      • Probably won't lead to innovative new products
      • Workers not really encouraged to think about wants and needs of customers
    • Kaizen mindset
      • Workers focused on making small changes to own job rather than thinking about big changes for the business
      • Big innovation leaps rare

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