Do Emerging Markets Represent the New Frontier for Globalization ?
Ever since the onset of the global economic crisis, there has been much talk about how globalization has reached its nadir and that the concept of an integrated global economy leading to prosperity has been discredited. The reason for this cynicism was that many commentators blamed globalization for causing the global economic crisis and plunging […]
Training & Development and HRIS Applications
HRIS is a systematic process of compiling different information for easily accessing them further. HRIS helps in training and development issues within a business. It facilitates performance evaluation of an employee understanding proper training methods, utilizing the knowledge imparted to employees in an accessible manner. Training and Development – Strategic Implications and Learning Organization The […]
Why Wealth Tax has been Abolished All Over the World?
Taxation is a hotly debated subject all over the world. There are supporters of capitalism who already believe that the rich are being taxed too much. On the other hand, there are supporters of socialism who cite increasing wealth disparity and argue that the rich should be taxed even more. The idea that the rich […]
Impact of Internet Revolution in Business
Introduction Worldwide influence of the internet is well-established and acknowledged. Penetration rate of the internet has been phenomenal; almost 1/3rd of Human population are accessing the internet. The way business is conducted in this digital age has changed due to so many people logged on to the internet. Advancement in communication and information technology has […]
Who are HNIs and why they Matter in Both Positive and Negative Ways
Who are HNIs and Why They are Valuable to Businesses We often hear the term HNIs or High Net-worth Individuals mentioned in a wide variety of contexts. Whether it is bankers launching a new product aimed at these individuals, media outlets reporting on their private lives and covering the weddings and other events, or for […]
A six sigma team is meant to concentrate on the solutions and not on the problems. It is for this reason that once the problem has been identified, it must be quickly turned in to a goal statement that will guide the execution of the project.
The Problem statement helps us identify and zero down to the problem at a very narrow level. The Six Sigma problem gives structure to our thinking. The details and measurements presented in the problem must be noted. The ideal state of affairs must be thought about. Then the ideal state of affairs must be written down containing the same details and measurements as in the original goal statement. Here is a method to do so
There is an acronym for setting goals that work. It is called SMART goals. Research has shown that goals with SMART characteristics tend to succeed more than others. Here is what it means:
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