In Inventory control, the fundamental thing is to strike a balance between the questions ‘How little and how much’. Your industry’s basic stock should give a reasonable collection of products and should be enough to fulfill the normal sales demands. If you have just entered into business then you would not have any history of [...]
Making changes to improve the overall success of your business should be applauded. It takes a lot of time, dedication, money, and just plain guts to alter the way a business functions; especially in the case of organizational overhauls such as is the case with Six Sigma. When done properly, changes can lead to greater [...]
In Part 1 of this article, we explored the F.I.T.™ principle of project management. In this article, we will look at the first component of this principle – The Power of FOCUS. FOCUS Every great athlete, entrepreneur or business executive who has achieved great levels of success will tell you that, with focused determination, you [...]
This is probably one issue for which you may not need a survey to confirm. Nearly everyone feels stressed at work. Workplace stresses are not that different from domestic stresses. You feel stressed when there are high expectations, changes in responsibilities, possibility of job loss or even when you are standing at the threshold of [...]
Selecting the project becomes the necessary step after identifying the need for process improvement in your business or, for that matter, your department. But selecting a project is a series of complex decision-making processes aided by a variety of tools. A wrong project selection for Six Sigma implementation means the project is not in line [...]
So, you’ve made the decision to become a Project Manager. Have you ever asked yourself why? I know that the general consensus these days is that the Project Management profession is growing and that there is a tremendous need for experienced project managers. What an incredible opportunity! Your choice to become a project manager may [...]
The responsibility of developing a Six Sigma company successfully rests as much on Champions & Master Black Belts as it does on Black Belts and Green Belts. But the importance of their roles in the implementation can’t be understated, as the necessary contribution from them is substantial. A Champion is a leader bestowed with authority [...]
Invariably, selecting the right Black Belts is crucial for the success of Six Sigma. According to Dr. Michael Harry, one of the founders of the Six Sigma Academy Inc, “Training individuals as Black Belts gives them the skills necessary to implement, sustain, and lead a highly focused Six Sigma initiative within a target business area [...]
Entrepreneurial spirit, the most exciting of the spirits an individual can experience, is not something that can be explained comprehensively without being long-winded. You can think of it as a combination of an irrepressible ambition to grow rich or to create something by a relentless dedication to succeed. The spirit often negates risks such as [...]
No one enjoys making a mistake in his or her job hunt at the cost of the job which he or she has applied for. Yet mistakes do happen either because of misconceptions, faulty guidance or advice, or by failing to develop an effective strategy. Furthermore, these mistakes are not just limited to either resume [...]