- improvement
- improvement im‧prove‧ment [ɪmˈpruːvmənt] noun [countable, uncountable]the act or state of getting better:improvement in
• Canandaigua Wine Co reported a 70% improvement in net income for the third quarter.
• An economist said he was optimistic that September sales will show an improvement.
conˌtinuous imˈprovementCOMMERCE the process of continually making frequent small changes to a company, its products etc, rather than a few very big changes — see also kaizen:• Continuous improvement is our guiding management philosophy - it is the way we choose to do business.
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improvement UK US /ɪmˈpruːvmənt/ noun► [U] the fact of something getting better, or the act of making something better: »constant/continued/significant improvement
»signs of improvement
need/show/see improvement »August appeared to show improvement in the job market.
improvement on/over sth »It is unlikely that the current year will see any improvement on the $2.19bn net profit achieved in the year to June.
»areas/opportunities/room for improvement
► [C] a situation that is better than it was before, or a change that makes a situation better: »21% improvement in annual profits
»performance/product/quality improvements
improvement to/in sth »They plan to make incremental improvements to existing products and services.
→ See also CAPITAL IMPROVEMENT(Cf. ↑capital improvement), CONTINUOUS IMPROVEMENT(Cf. ↑continuous improvement), HOME IMPROVEMENT(Cf. ↑home improvement), PROCESS IMPROVEMENT(Cf. ↑process improvement)
Financial and business terms. 2012.