Definition Of a Wealth Creator
It is a person who has life in abundance.
A wealth creator is a normal person who know how to create, preserve and enjoy wealth by applying the Formula For Riches and the Kaizen Principle to the Seven Areas Of Life.
Another way to look at it.
A Wealth Creator is someone who knows how to create, preserve and enjoy wealth.
He or she knows how to apply proven systems to do this over and over again so that, at will, wealth in all seven areas of life can be created out of nothing. This is because creating wealth is a science.
You do not need
- luck,
- special talents,
- exceptional drive,
- degrees or qualifications.
All you need is a strong enough desire, plus the correct tools (or systems or processes), the correct mindset and the right focus.
Other definitions of Wealth and Kaizen.
Wealth derives from the old English word "weal". The term was originally an adjective to describe the possession of great qualities.
The 21st century view is that many definitions of wealth can exist and continue to co-exist. Some people talk about measuring the more general concept of well-being.[who?] This is a difficult process but many believe it possible - human development theory being devoted to this. Furthermore, Manoj Sharma [1], the head of DifferWorld's [2]faculty makes a very strong case of the importance of factoring in both financial wealth and non-financial wealth as a measure of True Wealth.
Manoj Sharma's definition of True Wealth being a combination of financial, mental, emotional, physical and spiritual wealth; and how it is channeled towards the general good of humanity. Although these alternative measures of wealth exist, they tend to be overshadowed and influenced by the dominant money supply and banking system. For more on the modern notions of wealth and their interaction see the article on political economy.
Adam Smith, in his seminal work The Wealth of Nations, described wealth as "the annual produce of the land and labour of the society". This "produce" is, at its simplest, that which satisfies human needs and wants of utility. In popular usage, wealth can be described as an abundance of items of economic value, or the state of controlling or possessing such items, usually in the form of money, real estate and personal property. An individual who is considered wealthy, affluent, or rich is someone who has accumulated substantial wealth relative to others in their society or reference group. In economics, net wealth refers to the value of assets owned minus the value of liabilities owed at a point in time.[citation needed] Wealth can be categorized into three principal categories: personal property, including homes or automobiles; monetary savings, such as the accumulation of past income; and the capital wealth of income producing assets, including real estate, stocks, and bonds.[citation needed] All these delineations make wealth an especially important part of social stratification. Wealth provides a type of safety net of protection against an unforeseen decline in one’s living standard in the event of job loss or other emergency and can be transformed into home ownership, business ownership, or even a college education.
'Wealth' refers to some accumulation of resources, whether abundant or not. 'Richness' refers to an abundance of such resources. A wealthy (or rich) individual, community, or nation thus has more resources than a poor one. Richness can also refer at least basic needs being met with abundance widely shared. The opposite of wealth is destitution. The opposite of richness is poverty.
The term implies a social contract on establishing and maintaining ownership in relation to such items which can be invoked with little or no effort and expense on the part of the owner (see means of protection).
The concept of wealth is relative and not only varies between societies, but will often vary between different sections or regions in the same society. A personal net worth of US $10,000 in most parts of the United States would certainly not place a person among the wealthiest citizens of that locale. However, such an amount would constitute an extraordinary amount of wealth in impoverished developing countries.
Concepts of wealth also vary across time. Modern labor-saving inventions and the development of the sciences have enabled the poorest sectors of today's society to enjoy a standard of living equivalent if not superior to the wealthy of the not-too-distant past. This comparative wealth across time is also applicable to the future; given this trend of human advancement, it is likely that the standard of living that the wealthiest today enjoy will be considered rude poverty by future generations.
Some of the wealthiest countries in the world are the United States, the United Kingdom, the Republic of Ireland, Norway, Japan, Kuwait, United Arab Emirates, South Korea, Germany, The Netherlands, Belgium, France, Israel, Taiwan, Australia, Singapore, Philippines, Canada, Finland, Greece, Spain, Portugal, Sweden, Italy, Denmark, New Zealand, Iceland, Monaco, Luxembourg, Liechenstein and Switzerland, the larger of which are in the G8. All of the above countries, except United Arab Emirates and Kuwait, are considered developed countries.
KAIZEN DEFINITION
The zen of doing it better, and making it better
The Kaizen philosophy is drawn from the Japanese word kai which means “continuous” and zen meaning “improvement” or “wisdom”. The Kaizen management philosophy, therefore, is defined as making “continuous improvement”—slow, incremental but constant. It is but surprising that the same Japanese words (kaizen) denote “the action to correct” in Chinese.
The Kaizen way encourages small day-to-day yet continuous and never-ending improvement process involving everyone from managers to workers using the most basic tenet of survival: Common sense.
Making sensible decisions and native sound judgment, incidentally, are the ingredients of survival—and Kaizen becomes a handy management kit that best works in times of crisis.
To understand the benefits of Kaizen better, every business or corporation may need to undergo radical change—whatever degree, without any resistance—in order to survive the competition in this fast changing world.
As opposed to the Western brand of pragmatic why-fix-it-if-it-ain’t-broke philosophy, Kaizen extends a more optimistic philosophical view: “Everything—even if it ain’t broke—can be made better!”
In business applications, Kaizen covers most of the modules of successful Japanese concepts. Kanban, 5S, quality circles (QCs), just-in-time (JIT) delivery, automation, suggestions systems, etc., are all embedded into the Kaizen system of modern business management.
Setting the structure for Kaizen is very important. This includes appointing self-directed teams that manage to
- analyze problems; and
- generate solutions
The teams need the authority to implement the necessary changes. Everybody needs to be involved.
In the United States, an alternative to the Kaizen approach is called the Kaizen Blitz (or Kaizen Event) where self-directed teams are forced to analyze problems hastily and generate curative solutions—but are immediately dissolved once the problem is solved.
Kaizen is setting doable, replicable standards and then continually improving those standards—because persistent improvements are crucial for the long-term profits.
In spite of different systemic modules, it must be understood that Kaizen is not a method or technique. In the Kaizen system, all existing and standard programs and techniques are still actively used, albeit on an improved level.
Kaizen, therefore, is not all about incentives and rewards—it is about the support given to front-liners to help them improve the way work is done.
