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kaizen

noun

Definitions

  1. A Japanese word for improvement; refers to practices that focus on continuous improvement of processes in manufacturing or business management.
  2. The Japanese term for a gradual approach to ever-higher standards in quality enhancement and waste reduction, through small but continual improvements involving everyone from the chief executive to the lowest-level workers.

External Sources

http://en.wikipedia.org/wiki/kaizen
http://www.businessdictionary.com/definition/kaizen.html