As I wandered around my local supermarket earlier today, I saw many other shoppers perusing the shelves of competing products. Several thoughts struck me, why had I picked this supermarket and what makes us choose which products we buy? As buyers how much of our choice is driven by low cost? Don’t we all shop […]
Author: Richard S
Cause and Effect Chart – definition & examples
In this article, we will be looking at the Cause and Effect chart. We’ll also provide a review of the associated process, how it can help in business and how to create a cause and effect chart. Finally, we’ll look at some examples and how it’s used as well as some issues to look out […]
Decision matrix template – (with template examples in excel)
In this article, we’re going to cover the importance of decision making, why you need a structured process and how to create a decision matrix template. Most of us are faced with decision making during our daily lives, from the relatively simple ones like “What shall I have for breakfast” through to more complex decision […]
Time Management Chart (With examples & PDF Download)
Let’s face it, with all the pressures we face whether that’s in our work or home life, managing our time can be hard. The very task of prioritising, organizing, planning your time around your goals and activities can seem a mountain to climb. However, if we don’t have a system then two things can happen […]
Borda Count Method – Decision-making tool
Decision making can be complex. Especially in a team environment when everyone could be pulling in different directions. All too often teams can be led by the person with the loudest voice/strongest personality who believes they’re right all the time and the rest of the team, wanting an easy life, are often reluctant to raise objections. […]
How to write a great goal Statement + 20 Examples
In business, we all work towards goals. Achieving goals is usually what our work life is centered around. However, if these goals are not clearly defined, attainable or managed through to delivery then they are not worth the paper they’re written on, there owners often becoming disillusioned. Why you need great goal statements In […]
How to create a root cause analysis template
As you know if you’re a regular reader of this site we love problem-solving. We’ve written about it quite a bit, we’ve covered problem-solving tools and templates like our FMEA template, 5 why template. For us, Problem-solving is a key business enabler. Successful businesses have systems and processes that help catch, contain and resolve issues that […]
Lead time calculator
Lead time is the time taken from the start of a process until it’s completion. I.e. if I start something on day 1 and it takes 14 days to complete then it’ll complete on day 15. Lead time is often utilised in supply chain to calculate delivery dates of products from date of order. Below […]
June 2019 round up
Ok so first half of 2019 done and dusted and we’re into July already! So how was the first half of 2019 for you? Here’s our round up of our favourite business content from around the web during June. 1/ I’ve lost count of the number of organizations that I’ve come across that proudly […]
Porter’s 5 forces template
One of the key drivers in the success of a business is the level of competitiveness within the market it operates within. Most businesses recognize that these market conditions drive entrants into the niche and influence customer behavior. Businesses also recognize that behaviors and competition varies over time, the market conditions of today are not […]