The OTF is a multilateral trading system operated by an investment firm or a market operator which allows trading in non-equity instruments (MiFID II does not permit trading of equities on an OTF).
The concept of Kaizen can be explained as a principle of continuous improvement. According to the Kaizen philosophy, a series of small improvements made continuously over a long period of time can result in drastic improvement in business processes.his is the way in which Kaizen principle helps to beat the competition. The Kaizen philosophy of work is to stress employee participation in decision making process. Every employee is considered as a link in the process of continuous improvement.
Six Sigma and Kaizen can often be used together for process improvement projects as they both work towards continuous improvement by increasing efficiency and eliminating waste. Itâs important to keep in mind these are two very different management philosophies. The history of Kaizen has its roots in ancient Japanese philosophy. When first developed, the idea was to continuously work towards perfection in all areas of oneâs life. It was first used in a business sense shortly after World War II.