Kaizen is a Japanese philosophy that focuses on continuous improvement of processes through small, incremental changes. It aims to eliminate waste and involves all employees. Key aspects of Kaizen include cleaning and organizing the workplace, aligning goals, conducting small group activities, and using the PDCA cycle of plan-do-check-act. There are different levels of Kaizen including point, system, line, plane, and cube Kaizen. Major companies that have successfully implemented Kaizen principles include Toyota, Ford Motor Company, and Nestlé.