Final answer:
In a business context, we must continually improve our efficiency, effectiveness, and productivity. Continual improvement is important in business because it allows organizations to adapt to changing market conditions, stay ahead of the competition, and drive innovation.
Step-by-step explanation:
In a business context, we must continually improve our efficiency, effectiveness, and productivity. This means finding ways to do things faster, with better results, and with fewer resources.
For example, a manufacturing company might continually improve its production processes to reduce waste and increase output. A retailer might continually improve its customer service to enhance customer satisfaction and loyalty. A technology company might continually improve its software or hardware to stay competitive in the market.
Continual improvement is important in business because it allows organizations to adapt to changing market conditions, stay ahead of the competition, and drive innovation.