How relevant is Kaizen in the present complex situations? Discuss with respect to its merits and demerits.

Kaizen, a Japanese term meaning "continuous improvement," has remained a cornerstone of Total Quality Management (TQM) since its inception. Despite the increasingly complex and dynamic nature of contemporary organizational environments, Kaizen continues to hold significant relevance. Its principles—emphasizing small, incremental changes, employee involvement, and long-term commitment—align closely with the core objectives of TQM, which include customer satisfaction, process efficiency, and continuous quality enhancement.

In today’s complex business landscape, organizations face rapid technological changes, shifting customer expectations, global competition, and volatile market conditions. These factors necessitate agile and adaptable management strategies. Kaizen provides a structured, low-risk approach to managing change, making it particularly suitable for volatile environments. It ____ _______ ________ ________ _________ ________ ____ __________ ______ _____.
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