Posts Tagged ‘Business’

QUESTION: I am thinking of getting Lean Six Sigma Certification. Please help, any comments, advantages and disadvantages, to be done online or in a classroom. Please advice.
RESPONSE: As part of your decision making process on determining what Lean Six Sigma Black Belt offering is best for you, I suggest that you first determine which of [...]

I was asked the question: How winning The Crosby Medal has impacted your career? My response was:
As a statistical IBM-employee consultant in the 1980’s, I felt that organizations were often attempting to answer the wrong question to perhaps the third decimal place.  Because of this, I started timidly challenging some business and statistical norms, which [...]

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In The Stock Market Rally Versus the World’s Economic Fundamentals it was stated how there are issues with business reporting in the U.S. where there are often a series of breathless stock market reports.  For example when the Dow rises precipitously business predicts great recession end and when market [...]

QUESTION: What are the courses to be professional in business process improvement?
RESPONSE: Instead of answering this as a “course question”, I will take the liberty of addressing a more general question of what could be done.

QUESTION: How many data points required to calculate cp & cpk values for particular process?
RESPONSE: The number of samples to quantify process capability indices (Cp, Cpk, Pp, and Ppk) are only part of the question. Process capability indices have some major issues.  For example, the sample needs to be representation of the population of interest, [...]