Month: January 2014

Bullwhip Effect

Bullwhip Effect – Bullwhip Effect Analysis – Bullwhip Effect Framework – Bullwhip Effect Business Methodology – Bullwhip Effect is one of the recongnized recurring issues whereby a sudden spike or a decline in demand from a customer results in much bigger effect on the supply chain.

The longer the supply chain, the more pronounced is the effect with potentially huge variations and volatility for producers of raw materials. Understanding of this effect should limit managers mistakes when it comes to overproduction, ordering of goods and meeting customer demand. Below sample images are examples of Bullwhip Effect.

bullwhip effect

Porters Value Chain

Porters Value Chain – Porter’s Value Chain Analysis – Porters Value Chain Framework – Porters Value Chain Business Methodology – Porters Value Chain model is an approach developed by Michael Porter to complete an internal analysis of a company focusing on its value chain: its primary and secondary activities. Primary activities include logistics, operations, marketing and sales. Secondary activities include infrastructure, human resources, technology and procurement.

Understanding all of these business processes helps develop a business strategy for the company and improve its operations. Below sample images are examples of Porters Value Chain used in business management.

porter value chain

Gap Analysis

Gap Analysis – Gap Analysis – Gap Analysis Framework – Gap Analysis Business Methodology – Gap Analysis is a business tool aimed at identifying gaps and / or problematic areas by a given business process or a department. Usually gap analysis utilizes a point of reference, e.g. an industry benchmark that serves as a comparisson point. Sometimes, benchmark would not be present, as instead you would specify where the business wants to go, and where the business currently is, what is the gap, how can this gap be breached, i.e. development of recommendations.

Below is an example of the stages for gap analysis and sample Gap Analysis representation widely used in business management presentations.

gap analysis

Business Heat Map

Heat Map – Heat Map Business Analysis – Heat Map Framework – Heat Map Business Methodology – Heat Map, also sometimes spelled as heatmap, is one of the business tools and is a form of a gap analysis, where one can quickly identify the problematic areas, usually marked in red, while green and yellow represent strengths and potential for improvement respectively.

Heat maps are very useful in presentations of large amounts of data. They usually list business processes and categories (e.g. by department) in a table full of financials / figures. By looking at the table, one quickly sees where effort needs to be directed and what are the areas of improvement. Below sample images are examples of Heat Map used in business management.

business heat map

HR Strategy

HR Strategy – HR Strategy Analysis – Human Resources Strategy – Hr Strategy Framework – HR Strategy Business Methodology – hr strategy model is essential for the development of talent and leadership within a company, key to the longterm success of a company.

Human resources is one of key business functions and its strategy stands on the following key pillars: leadership development, performance management, talent management, employee engagement and succession planning. Below sample images are examples of HR Strategy used in business management.

hr strategy

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

Project Cycle

Project Cycle – Project Cycle Analysis – Lean Project Cycle – Project Stages – Project Cycle Framework – Project Cycle Business Methodology – Project Cycle model developed as part of Lean methodology and is one of the top business frameworks to structure a lean six sigma project.

Project stages are as follows: Request, Scoping, Planning, Training, Redesign, Implementation, Review and Feedback. Below sample images are examples of Project Cycle used for lean project management.

project cycle

Priority Matrix

Priority Matrix – Priority Matrix Analysis – Priority Matrix Framework – Priority Matrix Business Methodology – Priority Matrix model is one of the frameworks that is useful for setting business priorities by categorizing them by their importance and time to completion.

This is very useful not only for one’s business but also personal life. How do you identify the right priorities in life and make sound decisions? How do you make sure that whatever that you spend your time is actually important? Below sample images are examples of Priority Matrix used in business management.

priority matrix

Sipoc

Sipoc – Sipoc Analysis – Sipoc Framework – Sipoc Business Methodology – SIPOC model is high level view of the process that specifies who the suppliers and customers are, what are the inputs and outputs and what is the high level process. Sipoc is one of the key Lean Six Sigma tools.

SIPOC is quick way to document a business process and ultimately be able to resolve a business issue. Below sample images are examples of sipoc used in business management.

sipoc

Roadmap

Roadmap – Roadmap Analysis – Roadmap Framework – Action Plan – Action Plan Chart. Roadmap is a company’s action plan to realizing a certain business strategy consisting of concrete steps to be undertaken for realization of business goals and priorities.

Roadmap includes a timeline and intiatives categorized by a certain work stream. Below sample images are examples of roadmaps used in business management.

roadmap