During the training sessions and books for Lean Six Sigma Master Black Belt, Black Belt, and Green Belt, typically control charts are taught to timely identify special causes in process control at a low level. Within the Integrated Enterprise Excellence (IEE) system, which goes beyond Lean Six Sigma and the Balanced Scorecard system, I describe [...]
Posts Tagged ‘Master Black Belt training’
Cp and Cpk Standard Deviation Calculation Issues and Resolution
When calculating Cp and Cpk process capability indices from an individuals control chart, there is often not an appreciation of how the control chart’s subgrouping interval can impact the reported Cp and Cpk value. Cp and Cpk process capability indices determination equation is similar to the Pp and Ppk process performance indices determination. With Cp [...]
Corporate Governance: The Creation of an Effective 21st Century Management Governance System
In an Economist article “Corporate Governance,” it was stated ” The debate over how companies are best governed is at least as old as companies themselves. That there is no one best system of governing them is suggested by the fact that the world’s greatest companies have grown up under a number of very different [...]
GM Sets Deal to Cede Control of Opel: A Lesson in Business’ Vision and Strategy Creation?
In the Wall Street Journal article “At Last, GM Sets Deal to Cede Control of Opel”. it was stated that ” GM’s board …had expressed concern about handing over a key asset (Opal) to Magna and how the move would affect GM’s global strategy, people familiar with the matter said.” What, GM worrying about impacting [...]
Productivity and Efficiency Improvements through Business Intelligence Tools and Dashboards
QUESTION: Anyone using Business Intelligence tools (Dashboards, etc)? I am looking for some feedback to see how it has helped your company with productivity and efficiency. RESPONSE: Yes! However, dashboards need to have predictive metrics, as illustrated in Figure 3 of “C-Suite: The Need to Re-think our Business System’s Strategic Planning, Scorecard Creation, and Process [...]