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.
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.
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.
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.
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.
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.
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
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 Increase Profits for a Business – in short increase revenue and decrease costs. You need to generate more sales while reducing expenses. To increase sales invest into Marketing, improve sales employee performance, try to sell more items and or see if you can upsell and expand product offering.
Reducing costs, means being more effective operationally, which means reducing waste, doing things just in time, maximizing your employee productivity. All this should lead to more profit. The below diagram depicts ways to increase your company’s profits.
Kanban lsts things when they are done, while Scrum uses Sprints to break down and plan the work.
Kanban methodologies are continuous and more flexiable, whereas scrum is based on short, structured work sprints. Both are agile concepts. The below diagram summarizes the difference between Kanban and Scrum.