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Literally, naamloze vennootschap means nameless venture, since the shareholders in a public company can remain anonymous.Stocks of such a company trade on an exchange. This is the opposite of besloten vennootschap (an exclusive or closed partnership), which is a private limited company.iterally, naamloze vennootschap means nameless venture, since the shareholders in a public company can remain anonymous.
The Sino-Japanese word kaizen simply means change for better, with no inherent meaning of either continuous or philosophy in Japanese dictionaries or in everyday use. The word refers to any improvement, one-time or continuous, large or small, in the same sense as the English word improvement. kaizen blitz, or rapid improvement, is a focused activity on a particular process or activity. The basic concept is to identify and quickly remove waste. Another approach is that of the kaizen burst, a specific kaizen activity on a particular process in the value stream.