Top Business Frameworks

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The following are the most popular business diagrams on our site:

Top Business Frameworks diagram

Five Factor Model of Personality

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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.

five factor model of personality

Five Factor Model of Personality diagram

Affinity Diagram

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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.

affinity diagram

Affinity Diagram diagram

Kaizen – Continuous Improvement

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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.

kaizen

Kaizen – Continuous Improvement diagram

Habits of productive people diagram

How To Be Productive – 22 Habits Of Highly Productive People 1 Stop multitasking 2 Use the Pomodoro Technique 3 Prioritize your to-do list 4 Apply the 80/20 rule 5 Wake up early 6 Do the worst task first 7 Continuously improve 8 Avoid social media 9 Write it down as it happens 10 Be mindful of resistance More items…

Here is a list of 50 habits of successful people that are common among them. One of the core habits of successful people is that they get out of bed early. It provides them a sense of confidence to plan things ahead so that they can easily accomplish their daily tasks.

Most articles about everyday habits offer only the overall, generic advice like: ‘go above and beyond,’ ‘get more organized,’ ‘respect others,’ etc. without offering any doable tricks or examples of what this actually looks like.

Habits of productive people diagram diagram

Problem analysis diagram

Root Cause Analysis diagram is used to analyze the root causes of factors that influence the problem. It helps to identify the root causes for a factor and then propose possible corrective actions. A diagram is constructed separately for each high priority factor.

Finding Solutions. A problem tree analysis is a pictorial representation of a problem, its causes and its consequences. This analysis tool helps the project team get a quick glance of how a range of complex issues contribute toward a problem and how this problem branches out into a set of consequences.

Problem Analysis. Funded projects are usually proposed to address and/or solve identified problems. Problem analysis therefore involves identifying the overriding problem and establishing the causes and effects related to that problem.

Problem analysis diagram diagram

SMART Goals Examples Good vs Bad

Bad Examples of Smart Goals. Here are some goal statements that aren’t good smart goal examples… “I want to look great.”. “I want to lose weight.”. “I want to lose 20 pounds.”. “I don’t want to be overweight anymore. “I am tired about always worrying about my financial future.”. “I want to become self-employed.”.

TERRIBLE GOAL: “I need to get better with money.” BAD GOAL: “I want to save $1,000 this year.” GOOD GOAL: “I want to have $40 per paycheck automatically transferred to my vacation savings fund for 1 year.” TERRIBLE GOAL: “I want to have better social skills.” BAD GOAL: “I want to work on my storytelling so I’m not so awkward at parties.”

GOOD GOAL: “I want to have $40 per paycheck automatically transferred to my vacation savings fund for 1 year.” TERRIBLE GOAL: “I want to have better social skills.” BAD GOAL: “I want to work on my storytelling so I’m not so awkward at parties.” GOOD GOAL: “I want to take the improv class in my city every Monday night for 6 weeks.”

SMART Goals Examples Good vs Bad diagram

Risk Assessment Matrix

A risk assessment matrix simplifies the information from the risk assessment form, making it easier to pinpoint major threats in a single glance. This convenience makes it a key tool in the risk management process. Every risk assessment matrix has two axes: one that measures the consequence impact and the other measures likelihood.

Severity: The impact of a risk and the negative consequences that would result. Likelihood: The probability of the risk occurring. To place a risk in the risk assessment matrix, assign a rating to its severity and likelihood. Then plot it in the appropriate position in your chart,…

Also in project planning, a different type of risk assessment template can be created in Excel and used to assess the overall risk of initiating a project. As mentioned above, in a risk assessment matrix, risks are placed on the matrix based on two criteria: Consequences: the severity of the impact or the extent of damage caused by the risk.

Risk Assessment Matrix diagram

Waterfall vs agile project

The waterfall is a structured and rigid methodology whereas the Agile methodology is popular for its flexibility. Waterfall management does not allow any changes in between the process, in case there is a mistake, then the project has to start from scratch while Agile management allows intermittent changes during the ongoing process.

Waterfall Model followed in the sequential order, and so project development team only moves to next phase of development or testing if the previous step completed successfully. What is the Agile methodology? Agile methodology is a practice that helps continuous iteration of development and testing in the software development process.

Waterfall methodology is a sequential design process. Agile methodology is known for its flexibility. Waterfall is a structured software development methodology so most times it can be quite rigid. Agile can be considered as a collection of many different projects. Software development will be completed as one single project.

Waterfall vs agile project diagram

Scrum Cheat Sheet Explained

Scrum Cheat Sheet 1. Definition Scrum is a frameworkwithin which people can address complex adaptive problems. Scrum is not a methodology, a process or a technique. It’s a framework. Scrum is founded on empirical process control theory, or empiricism. 2. Pillars of Scrum Three pillars of Scrum are: Transparency, Inspection, and Adaptation.

Scrum For Dummies Cheat Sheet. Scrum focuses on continuous improvement, scope flexibility, team input, and delivering quality products. Scrum adheres to the Agile Manifesto and the 12 Agile Principles, which focus on people, communications, the product, and flexibility.

Scrum focuses on continuous improvement, scope flexibility, team input, and delivering quality products. Scrum adheres to the Agile Manifesto and the 12 Agile Principles, which focus on people, communications, the product, and flexibility. Scrum is a team approach to project management that aligns with the Agile Manifesto.

Scrum Cheat Sheet Explained diagram

How to become a great salesman

Find out what your customer really wants and why they want it. People buy “things” as a means to an end. Understanding your customer’s desires and adopting them yourself will make you a great salesman. Allow your customer to lead interactions, and ask questions to determine their desires.

Becoming a great salesperson takes practice. Lots of it. Dale Carnegie framed it best: to become a great salesperson, you have to remember that people want to do business with people they like and respect. At the end of the day, while you may be selling to a customer, what you’re really doing is looking to earn their trust.

Be enthusiastic about the car, the dealership and everything they have to say. Don’t be phony or they will sense it. Be excited when you have a customer that wants to buy a car. These car salesman tips might not help you become the world greatest car salesman, but they will help you sell more cars.

How to become a great salesman diagram

Project Management Methodologies

These are different project management methodologies. The diagram depicts methodolies including waterfall, agile, lean and others.

These project management methodologies will help your project to be on time, within budget and within scope.

Project Management Methodologies diagram

DMAIC tools for each phase

DMAIC Phase Tools Used: Define – Define project goals and customer deliverables, develop Problem Statement, Goals and Benefits; Identify Process Owner and Team Members; Define Resources; Develop Project Plan and Key Milestones

By using Lean Six Sigma DMAIC approach, companies bring proven tools and techniques to decrease variation, reduce defects and make operations more efficient. The Lean Six Sigma methodology uses the acronym DMAIC, which stands for Define, Measure, Analyze, Improve and Control.

DMAIC tools for each phase diagram

How data can be misleading data errors

Data can be misleading and so can be visual representations of the data. For examples graphs, can often be created so that they mislead statistics.

Someone still needs to interpret data and the same piece of data can be interpreted in different ways. For example, if something takes a long time to complete, you may say that the current process in broken and needs fixing or you can say the process is working as intended but requires more resources. Same data point, may trigger different decisions and can be misleading. One decision, is changing the process, the other is investing more resources into it.

How data can be misleading data errors diagram

Financial Statement Analysis Ratios

Financial Ratio Analysis diagram below presents key ratios used in the analysis of company’s financials. These financial ratios are mathematical comparisons of various components of the financial statements. These comparissons help investors and company management understand how well a business is doing overall and in relation to competitors.

What is Ratio Analysis? Ratio analysis is a mathematical approach in which various financial ratios of an organization are taken from the financial statements and are analysed to understand company’s financial and operational performance.

Financial Statement Analysis Ratios diagram

RACI Responsibility Matrix

The Four Roles in RACI Matrix are Responsible, Accountable, Consulted and Informed. Each stakeholder has their own responsibilities.

There should always be at least one person responsible for each activity in a process or a project, otherwise you will get in situations where it becomes chaotic.

RACI Responsibility Matrix diagram

Employee Retention tips to prevent attrition

Employee retention strategies to significantly reduce attrition rate are shown on the below diagram. The process of employee retention starts earlier than employee onboarding. A lot of companies, have a pre-placement questionnaire for the interviewees that helps identify the best fit. This will help down the line withe employee retention.

To minimize employee attrition it is important to be aware of the root causes of Employee Attrition. These include mismatch of job of the person. Lack of investment in to employee in terms of training. Poor culture and management, indadequate pay.

Employee Retention tips to prevent attrition diagram

How to pass a job interview

Here are the key interview preparation steps. This will help you pass the interview: 1. Research the company you are applying to. 2. Practice answers to most frequently asked questions. 3. Know your resume and your past experience well and be able to present impact of what you’ve done in the past, 4. Practice charm. The below diagram depicts some of the steps to ensure you pass the interview

You need to present your best self in an interview and increase your chances of employment: Conduct research. Dress appropriately. Bring a notepad, and copies of your resume. Be prepared for hard questions (don’t give a generic I am a perfectionist answer when asked about your weaknesses). Prepare your questions as it shows your interest and what you care about. Use facts and figures to show your achievements. All of this will help you pass the interview. The diagram below summarizes steps on how to pass a job interview.

How to pass a job interview diagram