Continuous improvement, also known as Kaizen approach, is a strategy that has the potential to create business value by continuously improving your business processes. For this reason, there are many benefits that go far beyond adding value to your company, from increasing employee engagement to increasing productivity. “Why is continuous improvement important?” We will ask the question and evaluate the benefits it will bring to your business.
People who have not stepped out of their comfort zone generally have a desire to run the system they know and are used to. For this reason, they are closed to innovation and resist change. Because they do not want to be uneasy about the unknown and take risks, they want to stay in their natural and reassuring environment. In the past, this is actually what businesses have done. They trusted their own brands and products and wanted to preserve their current status.
However, this is no longer possible in today’s business world. Because the competition is fierce and it has been proven time and again that businesses that can progress faster than their competitors are the ones that will stay ahead in the long run. There are two factors that are necessary for a business to progress rapidly: continuous improvement and innovation. There are some reasons for the increasing importance of these two factors. Let’s take a look at these together:
There are multiple businesses that offer a particular product or service at the same time. In this era of increasing technology, it is very easy for customers to reach these businesses and make comparisons between them. When you look at it from here, it is clear that there is a much more competitive environment than in the past. The high level of competition allows businesses to focus on innovation, giving them the foundation to do better. It’s easier to defend your place in the industry when competition is limited. However, in today’s competitive environment, turning your back on innovation and continuous improvement means falling behind your competitors.
Most businesses no longer compete with the local market alone. It also competes with foreign markets. With digitalization, borders are gradually disappearing in commercial activities. In such an environment, if you do not follow what is happening elsewhere in the world and prepare yourself for the future, your competitiveness will decrease.
Therefore, it is important for every business to keep up with the current and latest trends in the business world and to adopt a culture of continuous improvement.
With innovation, the way many industries do business has changed. Everything is now at our fingertips and with a few clicks we have everything we need. Online banks, online shopping for clothing, food, etc. When we say many shopping, even the way we buy products is changing. This clearly shows that businesses need improvement in order to compete and survive.
For the reasons mentioned above, businesses need to develop a culture where efficiency is constantly optimized and innovation is always followed and implemented. The continuous improvement method increases employee productivity and enables businesses to operate at a higher level. If the Kaizen culture is applied correctly, you will be on your way to becoming a successful business with higher productivity, increased profitability and innovation, quality, engaged and happy employees.
Here are some of the benefits that the Kaizen Method will bring to your business:
Continuous improvement makes processes more efficient and effective because it eliminates unnecessary and time-consuming tasks and time-consuming situations. Therefore, the most obvious benefit of continuous improvement is that you have more efficient operational processes.
With the Kaizen method, the production time of the products is shortened. The faster the products are produced, the faster you can deliver their products to your pending customers.
As your processes will improve as a result of Kaizen, you will do much more productive work. This ensures that the number of errors made is reduced.
When you produce more products in less time with fewer mistakes, you will reduce your costs in the right way. With the efficient use of raw materials, more materials are used less. This allows you to reduce wastage in production.
You increase your profitability with a decrease in costs. As your profits increase, you start to generate more cash to keep the business running.