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Atricle Dump - Root Cause Analysis - Simple Techniques to Understand Why Performance is Doing What It's Doing
Franchises have more opportunities to acquire multiple units with greater potential compared to individual companies with branches. Names of the franchises that are willing to expand in various industries can be available in a franchising directory. This directory provides an exhaustive list of industries wherein the prospect of franchising is available or willing to start. There is practically no industry where the company would not like to grow in various parts of the country, so all such industries would be listed in a franchising di
As we all know there is office gossip and rumours that abound in the workplace. Some of them start as a joke and some as a result of overheard misinterpretation of a conversation. What we need to remember is that rumours hold no power on their own, it is the person that is passing it on that lends it credence. Now we do not want to allow us to stoop to their levels of unprofessionalism, but as it is your reputation that is being tarnished you need to address this as soon as possible. We do need to make sure that the rumour has no credib
Understanding the real causes of performance results means taking a more rigorous approach than knee-jerk reacting to hearsay, opinion or gut feel. Here are some basic techniques to help you navigate through the stages of cause analysis:
* find the likely causes, and measure the incidence of each
* assess the nature and size of the cause's impact
* check for interaction with other causal factors
Technique #1: flow charting
It's impossible to do any kind of serious cause analysis unless you can actually trawl through all the factors that have some kind of potential impact on your performance result, and sift out those factors that have the most dominant impact. Flow charting the process or activity or function whose results you are measuring, is a great way to systematically trawl through all the potential causes of those results. There is software available for flow charting, but hand-drawn charts are quick and easy.
Technique #2: cause-effect diagrams
After flow charting your process and identifying what can sometimes be dozens of potential causes, you can have long lists that contain duplicates and related causes. Cause-effect diagrams (or fishbone diagrams) are a great way to collate and organise potential causes as you identify them, clustering related causes together so you can more clearly see the themes, and more easily discuss the most likely causes. Th
Every small business will eventually feel the heat and find the need for expansion. The time will come when the small plans that worked when first starting the business may no longer be sufficient.Understanding What to ExpandThe buzzword ‘business expansion’ may be catchy to outsiders but as a business owner you need to understand precisely what to expand in order that the scarce resources that you do have are optimized.1. You feel increasing personnel helps increase production to meet growing demand.2. Maxim
Understanding the real causes of performance results means taking a more rigorous approach than knee-jerk reacting to hearsay, opinion or gut feel. Here are some basic techniques to help you navigate through the stages of cause analysis:
* find the likely causes, and measure the incidence of each
* assess the nature and size of the cause's impact
* check for interaction with other causal factors
Technique #1: flow charting
It's impossible to do any kind of serious cause analysis unless you can actually trawl through all the factors that have some kind of potential impact on your performance result, and sift out those factors that have the most dominant impact. Flow charting the process or activity or function whose results you are measuring, is a great way to systematically trawl through all the potential causes of those results. There is software available for flow charting, but hand-drawn charts are quick and easy.
Technique #2: cause-effect diagrams
After flow charting your process and identifying what can sometimes be dozens of potential causes, you can have long lists that contain duplicates and related causes. Cause-effect diagrams (or fishbone diagrams) are a great way to collate and organise potential causes as you identify them, clustering related causes together so you can more clearly see the themes, and more easily discuss the most likely causes. Th
The opening of China to international trade resulted in myriad trading opportunities such as China electronics importation and trading. This fact has been proven several times by some enterprising individuals. If you are interested in starting your own electronics store in your neighborhood or online, you should seriously consider jumping into the China electronics bandwagon. The latest product out there: a superb car dvd player.The benefits of importing electronics from China are manifold. The main benefit comes from the
* check for interaction with other causal factors
Technique #1: flow charting
It's impossible to do any kind of serious cause analysis unless you can actually trawl through all the factors that have some kind of potential impact on your performance result, and sift out those factors that have the most dominant impact. Flow charting the process or activity or function whose results you are measuring, is a great way to systematically trawl through all the potential causes of those results. There is software available for flow charting, but hand-drawn charts are quick and easy.
Technique #2: cause-effect diagrams
After flow charting your process and identifying what can sometimes be dozens of potential causes, you can have long lists that contain duplicates and related causes. Cause-effect diagrams (or fishbone diagrams) are a great way to collate and organise potential causes as you identify them, clustering related causes together so you can more clearly see the themes, and more easily discuss the most likely causes. Th
In this highly competitive world, medium and small business groups struggle for survival. As they established with small capital investments, these organizations usually will not have enough money to overcome the massive promotional campaigns by their large counterparts. Thus the most effective solution they got to keep their customers and to attract new clients is to enhance customer satisfaction through better customer service methods. The mouth publicity by the satisfied customers is the most useful advertising tool for these compani
Technique #2: cause-effect diagrams
After flow charting your process and identifying what can sometimes be dozens of potential causes, you can have long lists that contain duplicates and related causes. Cause-effect diagrams (or fishbone diagrams) are a great way to collate and organise potential causes as you identify them, clustering related causes together so you can more clearly see the themes, and more easily discuss the most likely causes. Th
At a business conference recently I got a powerful message about the power of authenticity. Paul Ray, coauthor of the best-selling book, The Cultural Creatives: How 50 Million People Are Changing the World, gave a compelling presentation about how small business can leverage their authenticity to achieve greater success.Ray shared that if you own or work in a small, socially responsible business, you have a big advantage over the "big guys," the Fortune 500-type corporations. While not every big business is "bad" and not every sm
Technique #3: Pareto charts
When you then go and count or measure how often or how much each likely cause is associated with your results, Pareto charts can then help you rank the causes and highlight those that have the biggest impact. You're now getting the stage where you have between 2 and 5 (roughly) causal factors you may wish to learn even more about. In Microsoft Excel, just use a vertical bar chart on your data, after sorting it from biggest to smallest.
Technique #4: scatter plots
When you arrived at the few causes that have the biggest impact on your performance result, it can be useful to know just how big that impact is. Scatter plots are an easy and visual way to explore when the cause variable changes, how much and in which direction the performance result changes. Scatter plots are one of the charts available in Microsoft Excel.
Technique #5: correlation coefficients
To get more a quantitative measure of the impact of a causal factor on your result, you can calculate a correlation coefficient which will give you a value between 0 and 1 indicating the strength of the relationship between your causal factor and the result. A postive value means that an increase in your causal factor will likely lead to an increase in your result, and a negative value means that an increase in your c
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