Kaizen is a Japanese word which means continuous improvement. Kai means (change) and Zen means (good). It is change for good.
Kaizen group works for the continuous incremental changes in business to improve quality and efficiency. This approach believes that employees are the best people to identify scope for improvement, since they work at the ground level. This approach therefore promotes a culture that encourages and rewards employees for their contribution to the process.
The key objectives of kaizen philosophy are standardization, elimination of waste, quality improvement at low cost and just in time delivery.
Toyota production system is known for implementing kaizen philosophy.