Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
The fall of American giants such as Sears and Toys R Us has brought the focus back on vulture capitalists. People react negatively when they hear about private equity firms who have profited off the misery of other weaker firms. This is the reason why they have coined a derogatory term for the companies. This […]
In the previous article, we have already discussed what salary caps are and what are the objectives behind implementing them. We also know that there are a couple of different types of salary caps. We also know that the salary cap system is followed in almost every major league across the world. The English Premier […]
We live in a technological age today and hence are afforded many conveniences which people in the prior generations did not have. For instance, today, if we want to transfer money to a person or an entity in a different part of the globe, it can be accomplished with a few clicks and within a […]
The word shopping mall brings to mind certain specific kinds of images. For instance, as soon as the word mall is used, people start imagining a huge retail space filled with name brand departmental stores. Consumers have become used to these kinds of malls for the past 50 years. Also, in the initial years, both […]
Prior to 1990s, International Retail Industry was plagued by inefficient Supply chain as well as under Supplier control of products. Post ECR initiatives the industry went through streamlining and adapting new processes as well as supply chain solutions that have brought the industry to its present stature. Currently the situation faced by the International grocery […]
The 5 why method or the Root Cause analysis method that has been described in the Tools section plays an important role in determining that the X’s are recorded at actionable level. In this implementation of the 5 why tool, there is a slight variation from the standard methodology and hence it has been explained in the context of Actionable X’s below:
The 5 why method is a non-statistical method to convert vital few inputs to their actionable level. It does not require any elaborate mathematical testing but rather simply relies on brainstorming the reasons and digging deeper and deeper in the process.
The 5 in the 5 why’s is a mere abstraction. The actual number of iterations required to come up with an actionable X will be less or more. However in almost all cases, actionable levels are reached within 5 iterations.
The 5 whys analysis for finding actionable X’s is therefore a combination of the regular root cause analysis and brainstorming. Instead of relying on expert knowledge, the collective knowledge of the Six Sigma project team is used here.
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