Reading: The Secret Sauce of Success Have you ever thought about what one habit ultra-successful people have in common? Sure you have! We look up to highly successful people as mentors and guides to the path of our own success. Everyone looks at them and studies their habits to learn the ‘secret sauce’ of just […]
DFSS Design For Six Sigma: Understanding the Process
Design for Six Sigma (DFSS) is a business-process management method related to traditional Six Sigma. DFSS is used in industries, such as finance, marketing, engineering, process industries and electronics. It is based on the use of statistical tools like linear regression and enables empirical research similar to that performed in other fields. Six Sigma practices […]
Value: How Do You Measure Innovation?
How do you measure the value of innovation? That is a tough question! Asking the definition of ‘value’ becomes a loaded question. It doesn’t matter where scientific discoveries and breakthrough technologies originate—for national prosperity, the important thing is who commercializes them. Innovation involves the development of new products or processes and the know-how that begets […]
What Is Lean Startup?
What Is Lean Startup? Starting a new business is a daunting task, no matter how much experience one may have in the field. There are different approaches to the problem, but it ultimately comes down to figuring out how to make the company’s idea start producing results as quickly as possible in the current market […]
Quality Improvement: Honoring Dr. William Edwards Deming
‘People with targets and jobs dependent upon meeting them will probably meet the targets – even if they have to destroy the enterprise to do it.’ W. Edwards Deming There are few people who have had more impact on the science and practical application process management than Dr. William Edwards Deming. His impact on the […]
Where Did Agile Come From?
Where Did Agile Come From? If you’re running a lean startup. or managing your business according to the Lean Six Sigma methodology, then you’ll probably have heard of the term ‘agile.’ An agile business is a company that responds quickly and effectively to both opportunity and risk in either the internal or external business environment. […]
Statistics: How Do You Spot the Bad Ones?
“There are three kinds of lies: lies, damned lies, and statistics.” Mark Twain This quote from Mark Twain is accurate; they are often used to lie to the public because most people do not understand how statistics work. The world is littered with statistics, and the average person is bombarded with five statistics a day. […]
Big Data: Are We Improving with Better Data?
We sent men to the moon in 1969 on a tiny fraction of the data that’s in the average laptop. The amount of digital data in the universe is growing at an exponential rate, doubling every two years, and changing how we live in the world. Big data has almost limitless potential. Already, big data is doing […]
Using Lean Startup for Greater Social Impact
The following guest article was written by Jordan Rosenfeld, contributor for Lean Startup Co. The exponential speed of technological change has been a boon for nonprofits. Thanks to the digital tools at our fingertips, organizations in the social sector can immediately test the impact of their work, says Michel Gelobter, author of Lean Startups for Social Change. […]
Innovation: Is It Worth The Investment?
Innovation. What is the value? That is a tough question! Asking the definition of ‘value’ becomes a loaded question. Depending on who you ask…depends on the question you will get. It is elusive! The True Value of Innovation Creating value from innovation is a crucial step for your organization. Value, actual or perceived, creates buy-in. […]