 Category :: Management Articles |
Author :: Tony Jacowski  |
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| Article Title :: Six Sigma and Upper Management |
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| The one ultimate reward that counts for any business organization is improvement of bottom line profitability and the return of satisfied customers. This end result must justify all the initiatives taken by upper management. Upper management utilizes a tool called “cost of poor quality (or ”COPQ”) as a barometer for evaluating six sigma projects. Apparently, it is the only way to get upper management to accept six sigma. The upper echelons of corporations have come to realize the importance of six sigma for its tangible economic benefits.understand the value of upper management support for quality/process improvement top down fully, when you learn that management does not re (read full article) |
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| Category :: Management Articles |
Author :: Tony Jacowski |
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| Article Title :: Is Six Sigma The Ultimate Management Tool? |
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| Today, Six Sigma covers a very wide range of industries such as healthcare, banking, manufacturing and construction, to name a few. The 2 methodologies adopted by Six Sigma take care of the existing process and the new processes that still need to be developed, through DMAIC and DMADV respectively. DMAIC and DMADV are acronyms for process improvement methodologies. The methodology is hailed as the finest quality management system or tool that the industry has ever seen.What Makes Six Sigma The Finest Quality Tool Ever?Six Sigma came to occupy center stage riding on its success of its founder and pioneer Motorola’s successful implementation. The comprehensive, structured a (read full article) |
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| Category :: Management Articles |
Author :: Hans Bool |
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| Article Title :: The Balance Between Long Term and Short Term Focus |
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| Whether you are working for a corporate organization or you are manager of a small business – in that case you are closer to being an entrepreneur – we all deal with the topic of short term versus long term focus.Sales activities are known to be short term focused, for the simple reason that you cannot sell something that doesn't exist. There are a few exceptions, for example, the new Airbus is sold when there was only a prototype and in the construction area, apartments these are first sold, before the complete building is finished.Yet in most cases, there is a clear line between the two. Product development or new business development are activities that require a long (read full article) |
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| Category :: Management Articles |
Author :: Rick Johnson |
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| Article Title :: Client Management and Striving for Perfection - A Message to My Friendly Competitor Consultants |
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| As a consulting firm, your company should strive for perfection on every project that you engage in. Your purpose and intent should be to provide real value to your clients. Your position on providing value should never be compromised. However, striving for perfection does have its limitations and can be directly proportional to cost effectiveness on both sides of the equation. Cost effectiveness in relationship to your client’s price point and cost effectiveness in relationship to your time investment individually compared to the time actually billed. Think of the fill rate scenario. It is easy to go from a 97% fill rate to a 99% fill rate. All you have to do is increase inventory by t (read full article) |
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| Category :: Management Articles |
Author :: Samuel Okoro |
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| Article Title :: What Does Accounting Have to Do With Process Improvements? |
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| The short answer to this question is, "Everything". Information provided by the costing system determines how the business is managed, what product opportunities are pursued, what price is charged and so forth. What if the information paints a misleading picture? It simply means wrong decisions will be made, wrong behaviours will be rewarded, and in time the business will decline. Just how real is this possibility?Distortions of the Traditional Cost World:Surveys of organisations worldwide show that over 50% employ standard costing while close to 40% use marginal costing in their internal accounting. Standard costing - the more widely used method - possesses well know (read full article) |
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| Category :: Management Articles |
Author :: Eddie Tobey |
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| Article Title :: Business Administration |
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| Business organizations produce goods or services. Though there are vast differences in the functioning and approaches of these organizations, they all strive to achieve certain objectives. It must also be noted that organizations cannot achieve the objectives effortlessly. They are achieved through systematic effort. This whole process is called business administration.The most important objective that has to be implemented when talking about business administration is the production and supply of goods and services needed by the community. To realize this objective of maintaining a continuous supply of goods and services of a specific type for meeting the needs of the community, a (read full article) |
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| Category :: Management Articles |
Author :: Peter Emerson |
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| Article Title :: Business Process Management |
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| Business process management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. This basic definition needs to be expanded as manager’s carry out the managerial functions of planning, organizing, staffing, leading and controlling. Management applies to any kind of organization. It applies to managers at all organizational levels. The aim of all managers is to create a surplus. Managing is concerned with productivity implying effectiveness and efficiency.Many scholars and managers have found that the analysis of business process management is facilitated by a useful and clear organizatio (read full article) |
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| Category :: Management Articles |
Author :: Peter Emerson |
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| Article Title :: Business Process Management Tools |
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| Business process management tools are comprised of planning, organizing, staffing, leading, controlling and coordination. Planning involves selecting missions and objectives and the actions to achieve them; it requires decision making like choosing future courses of action from several alternatives. No real plan exists until a decision (a commitment of human or material resources or reputation) has been made. Before a decision is made, all that exists is a planning study, an analysis or a proposal. There is no real plan.Organizing is a part of managing that involves establishing an intentional structure of roles for people to fill in an organization. It is intentional in the sense (read full article) |
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| Category :: Management Articles |
Author :: Lucas Rodriguez Cervera |
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| Article Title :: Create Your Methodology Based on a Standard Framework (Part 3) |
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| Deploy the methodologyThis phase is always crucial for obtaining the return on all the resources invested in the process improvement initiative. The last objective of process deployment is that processes are executed in the real world as close as possible to how they have been designed.One critical issue is to obtain the buy-in of people executing the processes. Be sure to make clear all the advantages of working with a methodology during deployment. Some arguments could be the following:
The new methodology is based on a widely accepted standard framework.
Knowledge of a standard framework adds professional value to workers in the marketplace, so it is interesting for the (read full article) |
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| Category :: Management Articles |
Author :: Dave Neal |
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| Article Title :: Not Another Meeting |
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| Recently, an Associated Press article reported on a study suggesting that company
staff meetings may "rank among the most inefficient exercises we perform." The
study, conducted for GroupSystems Corp., included 130 responses from workers in
organizations ranging from Intel to the U.S. Navy to George Washington University.If you attend regular staff meetings at work, you might not be surprised that most
respondents in this study found these meetings to often be too long, too poorly
organized, and too unproductive, rarely resulting in implemented action items.Many of us attend a lot of meetings. In fact, approximately 11 million meetings
occur in the U.S. each day, (read full article) |
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