Five Factor Model Of Personality – Five Factor Model – Personality Model – Different Personalities Model – The 5 factor model of personality is a business psychology framework that helps analyze a stakeholder through openness to experience, emotional stability (neuroticism), extroversion, agreeableness and dependability (contentiousness).
Each stakeholder and/or individual is scored against these 5 factors. The score is then analyzed and depending on the result, one would adjust their actions or behavior to address the personality and the needs of the stakeholder. The analysis can be also completed on one self.
Affinity – Affinity Diagram – Affinity Analysis – Affinity Framework – Affinity diagrams are used to organize ideas and data during a brainstorming session. The ideas are grouped and segmented by various topics and/or relationships. Affinity diagrams are usually completed on yellow post notes.
The affinity charts are widely used within the practice of project management are one of the key 7 management and planning tools. This is also often referred to as a KJ Method. Essentially, the affinity process consists of two main steps – 1. record your ideas 2. look for relationships and organize ideas into meaningful buckets.
Kaizen – Kaizen Analysis – Continuous Improvement – Kaizen Framework – Kaizen Business Methodology – Kaizen model is a lean approach to continuous improvement of business processes and is at the heart of the Lean Six Sigma philosophy.
Kaizen worldview or mind frame is meant to be a continuous cycle consisting of the following stages: make problems visible, develop countermeasures, determine root cause of the business issues, hypothesize solution, test hypothesis, implement solution, standardize work. Below sample images are examples of Kaizen used in business management.
Critical thinking skills what are they? The below diagram shows critical skills categories: knowledge (obtaining the information), comprehension (understanding the relevance, facts, data), application and analysis. What is critical thinking?
Business strategy cycle explained. From initial internal and external analysis to business strategy and corporate strategy formulation, and implementation.
How to develop a document or a presentation that would capture audience. Understand first the objectives what you are trying to portray. Understand your audience, what are their needs, what do they want to hear. Strategize how you would influence your audience. Often it is the emotion that sways people in the direction you want, not the facts or figures. Then again, some people enjoy seeing figures that support the argument and can be objective when making the decision. Also think how you going to create the document, maintain it, where you are going to store it, who is going to read it in the future?
Communication strategy diagram components include the following: timely, relevant and targeted, cost effective, measurable, open and honest, strategic, and accessible. Your communication strategy also needs to be engaging and clearly branded.
Communication Strategy Framework PPT Sample diagram
Your company’s marketing strategy should follow the following approach. Start with Values and Vision, proceed to Assessment and Objectives, develop the strategy and how you are going to execute as well as measure its performance. This diagram shows the marketing strategy framework.
How to analyze a business? Start with the following business analysis framework. First it is important to understand business context through understanding the current situation, then consider other perspectives, analyze needs through gap analysis and other tools, evaluate options and define requirements. Finally proceed with the changes once the situation is well analyzed.
The below risk management template shows severance and probability of risk. Risk can occur rarely but have a big impact, others may have a high probability of occurrence but low impact. The below template lets you not only assess the risks but also show it in a nice looking color-coded dashboard.
This digital strategy framework shows how Digital strategy fits in between your Online, Business and IT strategies, how it different from the others but ultimately ties things together. It is holistic approach to your internal and external digital capabilities.
Digital Strategy Framework as Compared to Online, Business and IT strategies. diagram
The below is an example of a strategy framework applied for Parks and Green Space Health. Start the process with understanding the baseline data, develop the green strategy including how it ties to Public Health, work with Local charities and NGOs, Planning, Schools, and Businesses in the area. Obtain funding and promote initiatives in the community. Finally understand the overall benefits of the strategy.
Parks and Green Space Health Strategy Framework diagram
Start with setting the aspirations, including what the business goals and objectives, where to play or compete, how to win / gain competitive advantage, how to configure (i.e. required capabilities) and how to get it done (prioritize, fund), etc. This diagram shows the approach for designing a business solution.
The below diagram explains the strategy on how to set up an Enterprise-wide portal. At the center of developing a strategy, focus on company’s values. There are then 4 types of portals: information, collaboration, process portals and business alignment portals. Information portals are there to provide news and other information. Process portals would provide procedures and policy. Collaboration are to generate new ideas and raise pain points. Business alignment portals are to align all initiatives together.
The below social business framework diagram explains how social business needs to consider the following: market factors (competition, brand, customer expectations), social objectives (customer experience, employee enablement, supplier empowerment), social output (content on social media) and social tools (social media, community, supplier network). Social business has many attributes of other businesses but it is more people/cause oriented.
The following is a template of a financial plan to set up an IT business. It includes the following setting up the business costs (registration fees, legal and accountant fees), setting up of the premises and equipment (purchase of hardware, installation) and starting the operations (promotion, advertising costs, raw materials, etc.). Identify all the financial costs to starting a business is an important part of the business plan when setting up a start-up.
The following diagram shows an approach to business improvement. Start with strategy and business case, i.e. understand your objectives and formulate what needs to be improved. Proceed to the as-is state or current state of the process / business that needs improvement. Create a future state view of how it is out to be. Create a blue print or a roadmap. Proceed with the implementation and the roll out of the change. Track progress and evaluate the solution. Proceed back to the first step in the continuous improvement cycle.
Modern corporate responsibility framework includes the following key governance components for a successful business as show in the below diagram: Responsible business (ethics, code of conduct, transparency, stakeholder engagement), Client Experience (innovative solutions demanded by clients), Environment (reducing impact and footprint), Employees (inclusion and diversity, culture, engagement, health and safety), and Community (philanthropy, investments into community). The below diagram shows the framework for balancing each of corporate responsibility components that can help your business succeed.
Business Intelligence and reporting strategy framework below shows how business strategy and architecture can play together. Solution approach and strategy approach can help conceptualize business intelligence and reporting architecture. This framework encompasses systems, data entities, EDW, BI, SMI Analytics, and Audience. The BI/ Reporting architecture looks at system of records, OLTP, OLAP, Reporting Technology, Subject areas and business requirements.
The below framework presents climate change path to transformation. How to approach climate change from the business perspective, be an environmentally friendly business but continue to drive strong returns. Establish vision and direction including understanding of business drivers, governance, and technology for climate change transformation. Then proceed with the execution of the strategy including IT changes, supply chain upgrades, tax policy, etc. Next phase is to measure and monitor your climate change metrics including greenhouse gas emissions, impact to the bottom line while meeting your climate change targets.
Business case development framework below lists key components of a typical business case including: top-bottom business case, bottom-up benefits business case, business modeling and financial analysis. Any project requiring investment must be supported by a strong business case.
