I came across this very insightful article by Tracey Richardson* , worth sharing...

"We hear a lot about kaizen, but what are the actual process steps for kaizen? 

I like to say, DAMI (Define, Achieve, Maintain, Improve). This was a thinking process we were all trained in when I worked at Toyota.

Lean

The core idea is to maximise customer value while minimising waste. Simply, lean means creating more value for customers with fewer resources.