Continuous improvement

Question 1

What is continuous improvement

Answer 1

Continuous Improvement is a constant
ongoing effort to always improving

Question 2

Incremental improvement

Answer 2

Small steps made over time.
Marginal improvements.
Constant tweaks and change.

Question 3

Quantum improvement

Answer 3

Big breakthroughs.
At a specific point in time.
Changes everything at once.

Question 4

What is innovation

Answer 4

Innovation is a process to create new ideas for
products ect

Question 5

What are the 4 types of innovation

Answer 5

•Sustained innovation: Plan to
develop ideas.
•Breakthrough innovation:
•Quantum improvement.
•Disruptive innovation: Changing
what already happens/exists.

Question 6

Reasons for continuous improvement

Answer 6

•sustain the
survival, economic growth and
profitability of a business.

Question 7

Reasons for continuous improvement and innovation

Answer 7

•Open new opportunities/markets.
•Develop unique selling points
•Keep up with/overtake competitors

Question 8

Benefits of continuous improvement and innovation

Answer 8

Increased sales
Increased profits
Reduced costs