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Continuous improvement is the prime competitive strategy for industries that reached the market and technological maturity. Low rates of market expansion or only replacement demand encourages these firms to restrict innovation to incremental improvements in the same core technology. Continuous improvement is also the main source of growth for organizations that cannot pursue more aggressive venture strategies as they have to follow some restricting bureaucratic rules and regulations. W. Edwards Deming says,’ putting out fires is not improvement. Finding a point out of control, finding the special cause and removing it is only putting the process back to where it was in the first place...
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