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
Regression Analysis is the best method to analyse the relationships between the variables. It is used for multiple purposes like finding the causal effect, predicting and forecasting the effect of one variable on the other. Like increase in salary can lead to increase of spending capacity of an employee. It is an important tool to analyse and model data.
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Have we ever tried to identify the reason for the any problems? Yes; we follow set of methods to find solutions to our existing problems. It requires studying all the perspectives of the problem. Now let’s see what is root cause analysis? It is a process where the cause of the problem is identified and finding controls so that the problem never recurs.
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Often we have heard that the work lacks quality and the project is resulting in high cost. So is there any method by which the quality can be improved and cost can be reduced? The answer is YES, the method is six sigma methodologies. Six sigma is a management philosophy that was developed to reduce costs, increase profits and reduce wastage of an organization. The method was developed by MOTOROLA in 1986. It had been made as central business strategy for General Electric in 1995. This method was developed to improve the quality, establish a world class standard and save the cost for the company. As the costs are reduced the revenues generated increase thus creating a profitable situation for the organisation.
Continue reading Why is Six Sigma important ?