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Kaizen, means continual improvement. Continuous improvement is the continual examination and improvement of existing processes and is very different from approaches such as business process re-engineering (BPR), which seeks to make radical one-off changes to improve an organization's operations and processes. This philosophy implies that small, incremental changes routinely applied and sustained over a long period result in significant improvements. The kaizen strategy aims to involve workers from multiple functions and levels in the organization in working together to address a problem or improve a particular process. Some of the activities in the kaizen costing methodology include the elimination of waste in the production, assembly, and distribution processes, as well as the elimination of work steps in any of these areas.
In which year New India Assurance Co Ltd nationalized?
Life Insurance Corporation of India provides its policy holders the facility to deposit premium at which of the following intervals?
A policy that covers damage to neon signs is:
What is the minimum group size in Micro Insurance Schemes?
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A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
2000 factories require a Sum Insured of Rs.10 crores each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not ...