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Continuous improvement synonym9/25/2023 You can also watch this video by Steve Jobs, which illustrates why you should care about continuous improvement: The history of continuous improvementĪs you might imagine people have been trying to continually improve systems and processes since the dawn of time, but the methodology was formalized in the early 1900s as organizations started approaching management through the lens of the scientific method. If you’re a leader responsible for growth, you’ll want to pay attention to the rest of this article. If your organization isn’t moving forward and improving, it’s dying. In other words, businesses are being formed (and are dying) at a rate faster than ever before. According to Professor Richard Foster, the average lifespan of a company listed in the S&P 500 index of leading US companies has decreased by more than fifty years in the last century. We’ll first kick things off by outlining the need to continuously improve as an organization. While the definition of continuous improvement (CI) may be a bit abstract, we’d like to spend the rest of this post outlining why CI is so important and how you can apply it to all aspects of the business (ranging from business processes to managing people). This process is frequently referred to as Kaizen (a Japanese word for “change for better”) in manufacturing circles. Continuous improvement is an agile methodology aimed to promote regular improvements (both big and small) by empowering all employees throughout the organization.
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