Control Based Processes
February 12, 2025
The United States has one of the largest trade deficits in the world. Many critics have been of the opinion that it is only because of the existence of fiat currency that such huge imbalances are possible. These critics believe that if the world were to return to a gold standard, these imbalances would resolve […]
Correlation analysis is a vital tool in the hands of any Six Sigma team. As the Six Sigma team enters the analyze phase they have access to data from various variables. They now need to synthesize this data and ensure that they are able to find a conclusive relationship. What is Correlation Analysis ? One […]
Sweden is not really a country that comes to find when one talks about finance or currency trading. The Swedish Krona is a relatively small and insignificant player in the global market. Trading in Swedish Krona accounts for less than 2% of the global currency trades. However, the Krona is what many call a counter […]
According to the PMBOK (Project Management Body of Knowledge) 3rd edition, A project is defined as a “temporary endeavor with a beginning and an end and it must be used to create a unique product, service or result”. Further, it is progressively elaborated. What this definition of a project means is that projects are those […]
Introduction In any environment if a person is assigned to do the same task, then after a period of time, there is an improvement in his performance. If data points are collected over a period of time, the curve constructed on the graph will show a decrease in effort per unit for repetitive operations. This […]
A process driven organization has certain obvious advantages over a people driven organization. Many old fashioned entrepreneurs still prefer to be people driven for the fear of losing control over their organization. However a large majority still aims as process oriented as the ultimate way to create an organization. Many have tried and failed because they have not truly understood what the concept means. Below is an explanation of the same:
Many corporations believe that if they explicitly document their process and provide it to their employees as a reference manual than they are being process driven. There are certain flaws with this approach which are as follows:
Firstly the processes which are generally documented are operating processes. This means that they are just processes which transforms inputs to outputs in the normal course of business.
Higher order processes such as control operations which ensure processes are being followed as intended as well as processes which need to exchange information with the external environment and make decisions still largely people driven. This means that laborer’s job has been streamlined, all decisions are still constrained by the people approach. A truly process driven organization is a learning organization. The description of such an organization is mentioned below:
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