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.
Kaizen is the heart of the Toyota Production System. Like all mass-production systems, the Toyota process requires that all tasks, both human and mechanical, be very precisely defined and standardised to ensure maximum quality, eliminate waste and improve efficiency.any of these ideas have been adopted and imitated all over the world. TPS has three desired outcomes: 1  To provide the customer with the highest quality vehicles, at lowest possible cost, in a timely manner with the shortest possible lead times. 2  To provide members with work satisfaction, job security and fair treatment.