What does the term "Continuous improvement" refer to in a business context?

The term "Continuous improvement" in a business context refers to a commitment to constant incremental improvements. This concept emphasizes the importance of consistently making small, manageable changes that cumulatively lead to significant enhancements over time. Instead of overhauling processes all at once, which can be disruptive and risky, continuous improvement involves evaluating and refining practices regularly.

This approach fosters a culture of ongoing development within an organization, where employees are encouraged to identify areas for enhancement and implement solutions progressively. By focusing on small changes, businesses can adapt to new challenges and opportunities more effectively, ultimately leading to greater efficiency, productivity, and customer satisfaction. This philosophy is often associated with methodologies like Kaizen, which emphasizes the collective effort of all employees at every level to improve processes, products, or services.