Introduction In the current environment, a successful business must quickly respond and adapt to changing customer conditions and regulatory edicts in competitive industry-specific segments. Today this challenge is being tested with incessant customer demands for high quality, cost-effective, and customized mass-produced products and receptive supporting services. The Eight Disciplines (8Ds) Read more…
Introduction PDCA (Plan–Do–Check–Act) is an iterative four-phase analysis technique used to identify and support the continuous improvement of processes and products. PDCA helps businesses develop hypotheses about what needs to change, test, and implement in a constant feedback loop. The successful use of PDCA achieves a balance between the systems Read more…
Introduction In manufacturing, Gemba usually refers to the shop floor. In the business environment, Gemba represents the site of value creation within the organization’s core business processes and supporting activities. Gemba is now recognized and included in the management lexicon to describe the ‘workplace’ or the place where value is Read more…
Introduction The Challenge Workshop Approach (CWA) is a process used to quickly obtain consensus and approval on important corporate business and technology decisions. CWAs are highly structured and facilitated that bring together company (or customer) decision-makers and key stakeholders to improve decision quality and correctness in collapsed time frames. The Read more…
Introduction Six Sigma is a set of approaches, techniques, and tools to improve the capability of business processes. This increase in performance and decrease in process variation helps lead to defect reduction and improvement in profits, employee morale, and quality of products or services. A Six Sigma process is one Read more…
Introduction Smart and advanced biosensors are defining the successful commercialization of life-changing medical devices and have provided a continual stream of ground-breaking tools to improve patient care. Biosensors are value-add components for integrated use within patient-centered Smart Healthcare frameworks, for use inside healthcare, clinic facilities, and home settings. Healthcare Point-of-Care Read more…
Introduction The Growth-Share Matrix s a strategic business analysis tool, created by Boston Consulting Group in 1970, and popularly known as BCG Matrix. The Matrix provides a structured and user-friendly platform for analyzing a company’s multiple business units or as the parent company, holding numerous businesses, to categorize and evaluate growth and Read more…
Introduction Account-Based Marketing (ABM) is an alternative B2B strategy that converges enterprise sales and marketing resources on a clearly defined set of customers (and prospects) within the select target market(s) and employs personalized campaigns designed to resonate with each customer and prospect. ABM is a robust and proactive marketing strategy Read more…
Introduction Benchmarking is a strategic approach of evaluating a set of customer-focused organizational processes, activities, and products/services, with other internal business units and externally with corporate entities in the same industry or in the broader marketplace. As a strategic management tool, benchmarking exercises provide the “why” and “how” behind an Read more…
Introduction The saying attributed to many recognized management and quality gurus – “If you can’t measure It, you can’t improve It” – is a widely accepted truism articulated Incessantly by leading companies in today’s constantly-changing economy. This adage means that businesses incapable of measuring performance (at all levels) will generally Read more…