“An organization consists of personnel, physical factors, and functions that brought together to translate plans into tangible products or services” (Harold Koontz, 1983).
In 1870, Mitsubishi was a small organization working on a small scale shipping company with three old steamships by Yataro Iwasaki. Modern day Mitsubishi emerged as an independent organization after World War II .Currently it is serving the society on social, economic and global issues.Mitsubishi is implementing Lean Six Sigma practices in its operation for the organisation. The employees are given Lean Six Sigma training to enhance quality in the system.
“There are certain principles of an organization that may serve as highly valuable guides in working out any individual arrangements”. “A principle is a general rule or truths that may be expected to work under similar conditions anywhere” (Frank M.Rachel, 1981) .There are three principles of Mitsubishi. These principles were designed by the fourth president of the Mitsubishi organization, Koyata, in the 1930s.
Continue reading Understanding cultural aspect in Lean Six Sigma
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In this article we shall discuss some essential skills of Quality Analyst. These skills are:
- ACCESSIBILITY: It shows the level of comfort to reach the service of the individuals.
- AESTHETICS: The nature of the services delivered to the customer is shown in this determinant. It includes the atmosphere, its ambiance and the availability of the facilities including to the customers.
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Factors affecting the performance of the organization are:
1) Basic Infrastructure Facility.
2) Ensuring Proper Management.
3) Effective communication between the management and the staff
4) Effective use of resources.
5) Health Care facilities for the staff.
6) Team work.
7) Making the strategies and the mission of the organization clear.
8) Performance Appraisals
Continue reading Lean Six Sigma Quality Management techniques to ensure high performance of an organization
The progress of any organization is dependent on the cumulative growth and functioning of various sub-departments. An effectual tool to evaluate the progress of a task is by setting high standards and measuring the progress against these standards. The service quality management program works on this principle by measuring the progress of a task in a particular department against the specification limits that have been already set up. The following article deals with the service quality management in London Zoo.
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The role of securitization has been studied and the studies have led to conclusions regarding the emerging markets. Asset Securitization is a part of financial accounting in SAP FICO. Asset Securitization can be rated as a popular factor among the issuers because of low constraint capacity and free fund access. It has reduced the borrowing costs and the owners have been largely benefited by valuation based on the market cost of the assets, credit rating has enhanced, asset liability management has improved, cash flows easily match the investor payment till the time of redemption, strategic management of the portfolios, increase in the market competition and new end products have been made available to the customers.
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Japanese workers tend to regard their company as a community than a business. Buyers do not value the local beliefs, peculiarities and customs. This is due to cross-border acquisitions within Europe. The progress can be affected by integrating the values of the newly merged company .This approach permits the staff to test the effect of the company’s culture. The employees who commute to Japan can act as a mediator between the two cultures. It is difficult to distinguish between local practices and company issues. The major component is Service promotion. As a fresher, the employees fall short of the experience, and during later years the equation is reversed. Hence any alliance affects the economic interests of employees. Delaying promotions can only lead to resistance by the work force. Examples, like sales and human resources depict the underestimation of the foreign buyers to the issues of Japan-Management.
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ZaranTech is a global IT training and consulting company that provides online learning knowledge for its trainees. Our experience helps us in identifying the market requirements and then, working to our best knowledge . We offer role based training rather than product based training. We work in integration with certain scientific techniques to offer the student excellent services. We deliver high quality services to build a long term relationship with our valuable trainees.
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