Kaizen - Japanese word for 'change for better', it refers to incremental improvements at work place. Most popular methodology for Kaizen is Quality circles or Small Group Activities
Return on Investment (ROI) is the ratio of money gained or lost divided by the initial investment. A $1000 investment that results in interest of $50 has a 5% ROI. A project with a higher ROI gets prioritized
An application-oriented question on the topic along with responses can be seen below. The best answer was provided by Rajesh Chakrabarty on 12th Mar 2021.
Applause for all the respondents - Sundeep Kailwoo, Rajesh Chakrabarty, Shiddalingesh Sukali