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DMAIC methodology is one of the most widely used concepts to improve a process or function. They can also be used for creating strategies, work-flow, and most importantly conduct and implement Six Sigma projects.
If you want to learn about what DMAIC is, how it works, read: DMAIC: Approach to Continuous Improvement.
Now, let’s discuss how to choose good projects for DMAIC and Six Sigma. It’s one thing to pick a topic and dissect it, it’s a completely different aspect whether it benefits your organ
Recessions compel leaders of practically all organizations around the world to consider the consequences of a deeply disruptive crisis.
When confronted with a crisis, some leaders shine, causing their companies to grow stronger. Some appear to be stumbling. Others are merely bystanders while their organizations crumble.
Organizations that survive major disruptions are likely to emerge stronger and better prepared to predict and prepare for the next one.
Leaders of organizations are ultimately re
Lynda Gratton March 31, 2022
Source:
MITSLOAN
MANAGEMENT REVIEW
Two years into the pandemic, we’re in a moment when both leaders and employees are trying to make sense of how the experience has changed them and imagining what comes next. In a webinar I led in early February with 250 people from over 100 companies around the world, many leaders expressed that they are feeling “betwixt and between” the certainties of the past and the unknowns of the future.
Three messages came through l
Sensemaking. This is the answer to my question last week about why risk workshops should deliver the success your audience craves. Yes, they identify risks to help us understand the uncertainty surrounding the objectives we wish to achieve. However, in doing so, we are helping the business make sense of a crazy world.
We should not be extracting information from a reluctant team, nor should we be collecting risks to report to the Audit and Risk Committee to get a pat on the back as a job well don
According to ChemAnalyst report, “Europe Carbon Black Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End-User Industries, Type, Distribution Channel, Country wise Demand, 2015-2035”. Europe Carbon Black market witnessed a robust demand of around 2.05 million tonnes in 2021 and is projected to grow with a healthy CAGR of 5.81% until 2035 owing to its rising demand to produce Automotive Tires, Mechanical Rubber Goods (MRG), Plastics & Polymers, Printi
Vietnam Industrial Gases Market is anticipated to grow with increasing industrialization, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam Industrial Gases Market - By Region, Competition Forecast & Opportunities, 2027” Vietnam industrial gases market is anticipated to grow with 7.5% CAGR during the forecast period, 2023-2027, on the account of growing expansion of chemical industry. The market value in the 2021 was USD385 million and it is further growing with risin
Vietnam Ethanol Market is anticipated to grow with increasing imports, in the forecast period, 2023-2027F.
According to TechSci report on, “Vietnam Ethanol Market - By Region, Competition Forecast & Opportunities, 2027” Vietnam ethanol market might register an impressive CAGR during the forecast period, 2023-2027, to establish growth due to factors like surge in the demand for ethanol for the production of bio-fuels. Also, rising consumption of alcoholic beverages and surging demands for beverage
Before banning political talk outright, managers can take other steps to support
civil discussions among employees from different ends of the ideological
spectrum.
Lemaro Thompson
March 28, 2022
Source:
MITSLOAN
Management Review
In an age of increased polarization in which political ideology and identity have become intertwined, workplace political discussions may be more common, but they can have detrimental outcomes. At Coinbase, a cryptocurrency exchange company, the hesit
In this week’s blog, we’re sharing insights based on our latest interview with Suneel Sahi. He is the VP of Marketing at Metricstream, the market leader in GRC. They have been around for over two decades while adding value to their customers in reg reporting, understanding about all their controls, their cybersecurity and ESG.
Suneel focuses a diversity of areas including Financial Services, GRC Strategy and Marketing in the capital markets, focusing on M&A, private equity, operational risk & fin
Pinpointing the elements of toxic culture in an organization can help leaders focus on addressing the issues that lead employees to disengage and quit.
March 16, 2022
Source:
MITSLOAN
MANAGEMENT REVIEW
Toxic culture, as we reported in a recent article, was the single best predictor of attrition during the first six months of the Great Resignation — 10 times more powerful than how employees viewed their compensation in p
I’ve seen it in their eyes when there is a suggestion that we run a risk workshop.
For starters, they (board, executive, team) are very busy people. They have much to achieve, they have a good plan, they have good robust discussions, including about risk. Why do they need a risk workshop?
Maybe they have attended risk workshops in the past and they felt bored out of their minds. Perhaps the facilitator (was it you?) followed a drab, mechanical process to collect risks for the beloved “risk registe
According to ChemAnalyst report, “Thermoplastic Elastomers Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Market Analysis, 2015-2030”, Thermoplastic Elastomers market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 4.55% during the forecast period owing to its high demand in automotive industry coupled with its eco-friendly and easy to recycle nature. Ther
Global Biomethane Market is driven by surging demand for electricity generation in the forecast period, 2023-2027.
According to TechSci Research report, “Biomethane Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027” The global biomethane market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like increasing demands for power generation. Expanding end use industries and th
Adapting your leadership approach is necessary for achieving the change your organization requires.
B. Tom Hunsaker and Jonathan Knowles
March 21, 2022
Source:
MITSLOAN
MANAGEMENT REVIEW
One of the toughest challenges facing leaders is that the job requirements can change dramatically and unpredictably, as the past two years have amply demonstrated. Of necessity, leaders had to divide their attention between responding to the pandemic and managing a remote workforce and have been
Is Your Cautious Approach to Risk Appetite Stifling your Business?
Without risk, there is no reward – and this certainly rings true in the uncertain world of business. But how do you build a risk appetite framework, that guides the business away from taking unnecessary risk, but still has the flexibility to enable “calculated risk taking” when the opportunity outweighs the risk?
In this whitepaper we look at what makes a good risk appetite statement and explain how to measure risk using KPI’s and
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The leading digital platforms control access to an increasing share of the world’s data. Here’s why we need policies that level the playing field.
Viktor Mayer-Schonberger and Thomas Ramge
February 09, 2022
Source:
MITSLOAN
MANAGEMENT REVIEW
Joseph Schumpeter was deeply worried about innovation. The renowned economist, who coined the term creative destruction, championed entrepreneurship as the engine of economic growth but feared that small players lacked the key resource need
Disruptive change has put a tremendous strain on organizations and their IT departments. The capabilities of the IT talent is declining due to inadequate technical education and aging workforce. Legacy systems and diverse IT applications are frequent across most organizations. Mergers and Acquisitions have become a norm, pushing vendors to form alliances. Mobile devices, tablets, and social media have been quite common across employees of almost all organizations. Cloud Computing and softwa
The biggest thrill I get in my role guiding organisations to develop stronger and stronger approaches to risk based decision making is when I run a risk workshop. In particular, for an executive team or board. In those moments they place their trust in you. Trusting that what they say will never be repeated by me, that the time will be valuably spent, that improved understanding – as opposed to increased confusion – will be the result.
My aim is always to have the Chair, CEO or team leader say to
lead