Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
The new age high tech generation may seem to be immune to market inefficiencies of the past. They may seem to be aware of the true value of everything because of the vast network of information that they are connected to. However, this did not stop them from falling prey to the folly of an […]
America is undoubtedly the largest economy in the world as of now. However, countries like China are quickly bridging the gap. If we look into the distant future, there is a good chance that America may lose some of its economic clout. However, for the moment, it seems like America is literally running the global […]
The holding company-subsidiary company corporate structure is extremely popular all across the world. All large companies serve as holding companies. For instance, Apple Inc. is a holding company which is registered in the United States. Apple has several subsidiaries all across the world. Companies like Apple China and Apple Russia are registered in their respective […]
The money market is a full-fledged financial market. Hence, there are many investors who are keen to hedge the risks which emanate from the money market. The need to hedge these risks has led to the creation of several money market derivatives. There are certain exchange-traded derivatives that are a part of the money market […]
According to American Marketing Association, “Marketing Research is the function that links the consumer, customer and public to the marketer through information-information used to identify and define marketing opportunities and problems, generate, refine and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process.” Marketing Research is systematic problem analysis, model […]
The analyze phase is one of the most dreaded phases in the Six Sigma methodology. There are common assumptions made that this phase involves a lot of high level statistical analysis. No wonder that most trainings are scheduled before analyze phase. The Six Sigma team members want to refresh their concepts before they actually get down and get their hands dirty.
However, the fact is that Statistics takes the limelight involved. Statistical analysis is just the last stage of a series of analysis. This is so because the Six Sigma methodology focuses on verifiable facts and statistics can empirically confirm a statement and make an opinion of a fact. Here is a look at the different analysis that are carried out behind the scenes.
Example: A Six Sigma project team is trying to conduct the analyze phase on a process. Even though the vital few inputs have been identified in the earlier stage, there still will be hundreds of relationships that might exist between the data. How does the Six Sigma project team know, which relationships are significant and must be hypothesised? No company has the resources to waste on conducting every possible hypothesis.
In such cases, the preliminary analysis serve the purpose. It requires some expertise and common sense on the part of a Six Sigma team to actually identify the business problems. These problems are then converted to statistical problems and a solution is reached as per the fact based nature of Six Sigma methodology.
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