Why MBS in Continuous Improvement ?
Main Target Users
Continuous improvement is the prime
competitive strategy for industries that reached the market and
technological maturity. Low rates of market expansion or only replacement
demand encourages these firms to restrict innovation to incremental
improvements in the same core technology. Continuous improvement is also the
main source of growth for organizations that cannot pursue more aggressive
venture
strategies as they have to follow some restricting bureaucratic rules
and regulations.
The Essence of Continuous
Improvement
The essence of continuous improvement is
the utilization of the human resources of the firm to produce a constant
stream of improvements in all aspects of customer value, including quality,
functional design, and timely delivery, while lowering cost at the same
time. Continuous improvement does not necessarily call for a significant
investment to implement it, but it does call for a great deal of commitment
and continuous effort, which brings about gradual progress.
Continuous improvement is
often associated with incremental changes in the day-to-day process of work
suggested by workers themselves. This is not to say that continuous
improvement firms do not engage in radical change, but rather that
incremental improvement is their hallmark.
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