| Casual Articles |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Management > Taking on Six Sigma Programs - Guidelines for In-House and Outsourcing Decisions |
|
Casual Articles - Taking on Six Sigma Programs - Guidelines for In-House and Outsourcing Decisions
Small Business Loans? - Opt For Better Options! f the ground properly. If your organization already has a Six Sigma program (perhaps running for several years) that has hit a plateau, be the change agent to rejuvenate it and turn things around.Irrespective of their size and nature most businesses face financial crunch sometime or the other in its lifecycle. These crisis situations become all the more important for small businesses because the banks and financial organizations are often ready to lend money to big business houses but not to the smaller ones. Besides, small businesses with their limited capabilities often find it overburdening to repay a bank loan.Small business owners have been trying various options and various types of loans to see which suits their needs better, however, a point that is often missed out by them is that they can probably manage these situations often without any outside help. Sounds surprising? But its true, and here are some of the ways you can do it.Try to Base Your Business at Home: This is not possible for all but if you can have a home-based business you can actually save a fortune. You save on expensive commercial rent, which is a recurring expense. As you are based out of your home, you don’t need to commute, so you save on transportation. In addition, your business use of home expenses would qualify for income tax deduction. So just one-step and you have three fold savings.Credit Cards: If you are a business that doesn’t accept credit cards, you are actually saying NO to a big segment of your prospective customers. People hate to see cash going out of their pocket and that is why they love credit cards. Accept credit cards, your sale is bound to increase. Not just that, you might be offering credit to your customers and if so, you must have faced the hardship of collecting your receivables and bad debts are just a part of this game. With credit cards your customers can pay easily and you don’t have to think about bad debts. What more, if you have a steady flow of credit card sales, you can qualify for a business cash advance against your future credit card sales receipts. These business cash advances do not have any fixed repayment schedule and ar Perhaps your organization has had too many distractions in the past and never quite successfully implemented a Six Sigma program. These distractions, in the Biopharma and Pharma industries, can come in many flavors. Typical list of distractions for most FDA regulated organizations include: • Customer complaints (written and verbal)—collection, analysis and closure; Avoid the common mistake of believing that the Six Sigma program is yet another thing to worry about in addition to the urgent items listed above. Instead, view Six Sigma initiative as a means to effectively resolve the above issues. For example, Six Sigma is not another separate effort on top of your ongoing attempt to improve your quality issues or to shorten a lon Today's Leading Retail Franchise Businesses Based on a wild guess by a close associate of mine, there are well over 2,000 restaurants in the Manhattan area and its surrounding boroughs. Although I cannot validate the absolute accuracy of his count, I do trust it is in the ballpark, since he happens to be one of those guys who seem to know everything about everything in life (and more). His dream is to be on Jeopardy; if it ever happens, I already feel sorry for the other two contestants, who will undoubtedly be decimated on national TV. And, oh yes, he also happens to be a food- lover. There is definitely some credibility to his estimate.Franchise businesses are a great way to extend a brand, concept, and company into multiple locations. Franchises operate under efficient processes and a well-developed business model, which makes replication easy and consistent for every location that is created. Today’s strongest industries can be found in a range of companies including home theater systems, cigar and newsstands, wireless communications, and retail gift cards. Each business has developed its unique selling concept, established a target location, and enjoyed success in growth in the process.Today’s leading franchise businesses have narrowed down their profit margins to the most efficient point; they can continuously bring in customers to their stores and grow and adapt to the changes of their market. Here are just a few of today’s leading retail franchise businesses:• WineStyles is a popular venue for finding reasonably priced luxuries associated with wine, winemaking, and education about wine. The store provides customers with a place to relax and enjoy unique and exclusive wines.• Plato’s Closet is cropping up around the country, appealing to teen groups for all of their fashion needs. From jeans to purses, Plato’s Closet works as a reseller of secondhand items, and is owned by the Winmark Corporation that has also created successful stores such as Once Upon A Child and Music Go Round.• CardSmart offers discounted cards, gifts, supplies, and keepsakes to each of its stores; this high-volume store features seasonal items that keep customers coming back, and highly competitive pricing.• Batteries Plus might be considered a specialty store, complete with every battery imaginable and customer service representatives to help you locate your request. The one-stop shop is a popular retail chain that makes it easy to find exactly what you need. Hobbytown USA appeals to hobbyists and craft enthusiasts of all ages, offering games, model kits, railroads, and other toys. The franchise f There is a point to be made by this story (trust me!). Despite the overwhelming number of restaurants in the city-that-never-sleeps, there are only a dozen or so which I truly enjoy and actually look forward to visiting. I am certain that even if I try every single one of these 2,000 locations, the “can’t-miss” list will be no longer than 50. So, assuming my buddy’s figure is fairly accurate, what do I make of the other 1,950 establishments? Not much, I am afraid. Unfortunately, there are plenty of examples like this in life. Having spent many, many years in several universities (too embarrassing a number to admit), I have studied under approximately 100 professors. However, there are only three whom I regard as great teachers—individuals who have significantly influenced my life and whose lessons I actually remember. Tragically, the example does not stop here. There are a plethora of Six Sigma experts out there. A simple search on Google on “six sigma consultant” yielded a whopping 70,000+ returns. Most of these folks, I am afraid, are mediocre at best. So, as you consider or embark on a Six Sigma program, how do you select your competent and trust-worthy advisor(s)? With so many self-proclaimed experts, how do you find one who is right for you? Should you involve outsiders at all? How do you know if you can do this successfully only with your internal resources? As you ponder these fundamental questions, the following guidelines may be of interest. Proper Training and Development of Internal Resources Assistance in Training of Internal Resources Assistance in Delivering Bottom-Line Results Resource and Management Time Requirements Perhaps your organization has had too many distractions in the past and never quite successfully implemented a Six Sigma program. These distractions, in the Biopharma and Pharma industries, can come in many flavors. Typical list of distractions for most FDA regulated organizations include: • Customer complaints (written and verbal)—collection, analysis and closure; Avoid the common mistake of believing that the Six Sigma program is yet another thing to worry about in addition to the urgent items listed above. Instead, view Six Sigma initiative as a means to effectively resolve the above issues. For example, Six Sigma is not another separate effort on top of your ongoing attempt to improve your quality issues or to shorten a long The Rogue Franchisee and the Similarities to Guerilla Government Political Fights ssons I actually remember.In the world of franchising often there are rogue franchisees which do not want to follow the system or the standards of the confidential operations manual. This is unfortunate because the franchising system gains strength when there is consistency and quality controls within the system.A rogue franchisee who will not follow the system may purposely disrupt the system and therefore hurt the franchise system. In doing so inevitably it is a self-fulfilling prophecy. Because the rogue franchisee often complains about the franchisor or the overall franchise system and then sets out to make it fail.Unfortunately, a rogue franchisee within the system can hurt the system a lot more than any outside influence or competitor could. The rogue franchisee can be compared to a military coup taking over a government. It is also very similar to guerrilla tactics used to overthrow a government.If the rogue franchisee and the other franchisees would work together in a common cause the brand name would increase for the franchisor and all the franchisees together and everyone would win.Unfortunately the infighting can degrade the system and hurt everyone concerned. It is interesting to study such models and understand why working together accomplishes so much more for the individual goals of all parties concerned. Please consider this in 2006. Tragically, the example does not stop here. There are a plethora of Six Sigma experts out there. A simple search on Google on “six sigma consultant” yielded a whopping 70,000+ returns. Most of these folks, I am afraid, are mediocre at best. So, as you consider or embark on a Six Sigma program, how do you select your competent and trust-worthy advisor(s)? With so many self-proclaimed experts, how do you find one who is right for you? Should you involve outsiders at all? How do you know if you can do this successfully only with your internal resources? As you ponder these fundamental questions, the following guidelines may be of interest. Proper Training and Development of Internal Resources Assistance in Training of Internal Resources Assistance in Delivering Bottom-Line Results Resource and Management Time Requirements Perhaps your organization has had too many distractions in the past and never quite successfully implemented a Six Sigma program. These distractions, in the Biopharma and Pharma industries, can come in many flavors. Typical list of distractions for most FDA regulated organizations include: • Customer complaints (written and verbal)—collection, analysis and closure; Avoid the common mistake of believing that the Six Sigma program is yet another thing to worry about in addition to the urgent items listed above. Instead, view Six Sigma initiative as a means to effectively resolve the above issues. For example, Six Sigma is not another separate effort on top of your ongoing attempt to improve your quality issues or to shorten a lon MLM Code of Ethics sourcesDespite the fact that the MLM business model has the potential to provide enormous benefits across many areas: financial, economic, social, educational and philosophical, it has largely failed to live up to it promise. In our view this is because in many cases the commission structure itself promotes greed and stupidity, there has been too much involvement by people with criminal intent, there has been an enormous lack of real business expertise, and there has been totally insufficient debate on principles and ethics. In seeking to play some part in redressing this situation, the following code is compulsory for companies who wish to be listed as preferred MLM opportunities on our site. That is, no company will be listed as “recommended” without written commitment to this code and there will be no exceptions made for any reason. There is no fee for listing, and no monies may be received for commission on product sales or recruitment as a result of such listing. However companies should be aware that their application for listing will be presented to objective 3rd parties such as the Better Business Bureau for comment and that listing cannot proceed when there is any significant unsettled legislative or litigation issue pending. Application requires the submission of the full names of founders, directors and majority shareholders and listing will not proceed where such persons have convictions for white collar or organised crime, or where there are or have been any known links with organised crime whatsoever. CODE OF ETHICS 1 Our compensation plan is fully explained prior to recruitment, and remains transparent and accessible to all recruits and potential recruits. 2 A net earnings statement is made available to our members at least annually, and this statement accurately records net earnings of all members, such that members are able to see for themselves what the true earnings are. (Earnings are calculated at commissions minus cost of For on- going success of your Six Sigma program, it is crucial that internal knowledge and competence are first developed then continually retained. Your specific training needs depend on your existing capabilities and the level and timing of your targets. First, get an idea for the number of certified “master black belts,” “black belts” and “green belts” currently in your organization. There are numerous ways out there to obtain these titles, so find out how, when and via which organization these individuals were certified. Next, consider the Six Sigma project experience of these individuals and the significance of the past results. As a basic rule of thumb, each black belt should deliver approximately $1M in savings or in cost-avoidance each year. As another rule of thumb, the ratio of black belt to green belt should be between 1:3 and 1:6. One master black belt for each division or location with as many as 1,000 to 1,500 people is often sufficient. In deciding which individuals should be trained, consider the candidate’s interest level, current position and background on basic statistical tools (or willingness to learn). These individuals should also possess the knowledge of the business (i.e., do not pick someone who just joined the company last week) as well as the respect from his/her peers (i.e., do not pick someone because you do not have any other plans for him/her). Lastly, resist the temptation to over-train. It is of no benefit to the organization to have everyone trained, unless the skills are put to use and bottom- line benefits are realized from early on. Assistance in Delivering Bottom-Line Results Resource and Management Time Requirements Perhaps your organization has had too many distractions in the past and never quite successfully implemented a Six Sigma program. These distractions, in the Biopharma and Pharma industries, can come in many flavors. Typical list of distractions for most FDA regulated organizations include: • Customer complaints (written and verbal)—collection, analysis and closure; Avoid the common mistake of believing that the Six Sigma program is yet another thing to worry about in addition to the urgent items listed above. Instead, view Six Sigma initiative as a means to effectively resolve the above issues. For example, Six Sigma is not another separate effort on top of your ongoing attempt to improve your quality issues or to shorten a lon Checking Out Their Past Lastly, resist the temptation to over-train. It is of no benefit to the organization to have everyone trained, unless the skills are put to use and bottom- line benefits are realized from early on.You've found the perfect candidate for that job opening. This person is great: a personality that will fit in with your other employees, the technical skills you need, and they've even worked at a couple of your competitors. Or not.I'm a huge proponent of background checks. However, I'm going to focus on just one aspect of a background check for this article: employment history. Why is this so important? Because, in my experience, you tend to believe the written word. In this case, that's often the employment application. Just because your candidate signed the application swearing what they wrote is the truth, it doesn't necessarily make it so. I know that may sound cynical but it doesn't make it any less true.I used to rely on hiring managers to call a candidate's previous employers to confirm employment history. However, one particularly busy manager didn't bother and it ended up costing the company over $30,000 in legal fees a few years later. Live and learn. This particular case, which got much more complicated by the time it was over, was the primary reason I started conducting background investigations years before most companies were doing them. It's also the reason I will pay a few dollars more to include the employment history on the background checks I order. Oh, in that case I mentioned, it turned out the candidate omitted a job with one of our competitors … a hire that ended up costing them a lot of money.An article I read mentioned the most common lies on resumes were about the candidate's education, title, compensation, reason for leaving, and accomplishments. Why would a candidate lie to you about the title and compensation they had? Nearly every time it will be because they want to pump up their old position so you will feel obligated to improve on what they had. It works, too. Rarely does a manager come to me without putting in a plug for a "nice bump" in the previous salary so the candidate will be more inclined to take our offer.There's abs Assistance in Delivering Bottom-Line Results Resource and Management Time Requirements Perhaps your organization has had too many distractions in the past and never quite successfully implemented a Six Sigma program. These distractions, in the Biopharma and Pharma industries, can come in many flavors. Typical list of distractions for most FDA regulated organizations include: • Customer complaints (written and verbal)—collection, analysis and closure; Avoid the common mistake of believing that the Six Sigma program is yet another thing to worry about in addition to the urgent items listed above. Instead, view Six Sigma initiative as a means to effectively resolve the above issues. For example, Six Sigma is not another separate effort on top of your ongoing attempt to improve your quality issues or to shorten a lon Be of Service and You'll Achieve Artist Success! f the ground properly. If your organization already has a Six Sigma program (perhaps running for several years) that has hit a plateau, be the change agent to rejuvenate it and turn things around.We’re caught in a world where time is money and extremely precious. It’s difficult enough to figure out how to create art, run a business, and have a life but there’s one more step we need to consider that will make running a business much easier. When we stand in service to others we create an exchange with the community and those we serve. This is not a call to go out and volunteer for every nonprofit that knocks on your door. I believe that when we are of service to our own community first we are given a huge advantage in the business arena. Remember charity begins at home.One of the communities most artists belong to is an artist guild. If you go, how many times do elections come around and the board is scrambling to get someone, anyone who will give a year to serve. I can tell you from personal experience that serving on your professional organization’s board is the best investment you can make in your business. It sets you aside from others in many ways and allows you to provide your vision for the organization and the art world.When we make a commitment to serve we are making a statement to the world that we are firmly planted in our art business. We set an intention to succeed and lead with that example. As part of the leadership team you can keep your finger on the pulse of the community and realize skills you may never have recognized in yourself previous to that moment in time. You’ll be included in marketing decisions, exhibition plans, education opportunities; all of these are things you can take and apply toward your own business.Upon entering the coaching world I never had any intention of serving in a leadership position. Things change quickly and within six months I was part of the leadership team. That move led me to run for the board as Secretary and then I was asked to run for President of the organization. When you are given the opportunity to lead it’s not just about guiding the organization, but creating an atmosphere of camarade Perhaps your organization has had too many distractions in the past and never quite successfully implemented a Six Sigma program. These distractions, in the Biopharma and Pharma industries, can come in many flavors. Typical list of distractions for most FDA regulated organizations include: • Customer complaints (written and verbal)—collection, analysis and closure; Avoid the common mistake of believing that the Six Sigma program is yet another thing to worry about in addition to the urgent items listed above. Instead, view Six Sigma initiative as a means to effectively resolve the above issues. For example, Six Sigma is not another separate effort on top of your ongoing attempt to improve your quality issues or to shorten a long turnaround time, etc. Rather, Six Sigma tools and techniques should be used as tools to help resolve your quality problems, shorten your lead time, etc. Management also needs to devote some time on its own to learn the basics of Six Sigma. Management does not need to know how to perform DOE and ANOVA but, at a minimum, it should be familiar with the key terms and be aware of the overall approach. There are many operational improvement tools and techniques available—however, understanding of Six Sigma’s well-defined, consistently followed and established approach will prove exceptionally valuable. If the management lacks either the knowledge or the experience of running Six Sigma programs, seek external help. In doing so, resist the temptation of letting the external resources taking control of your program. They are your helpers, but the client must take the ownership, set the direction and make the final key decisions. From a potential pool, seek out the ones with both Six Sigma and life science industry-specific knowledge/experience. During the initial screening, make sure that you will feel comfortable with your selection at a personal level. And most importantly, clearly communicate your expectations and demand bottom line results from early on. Relevant Knowledge and Experience Avoid letting this be a training ground for your external resources. Certification may a good indication, but it is often insufficient. Being an expert means much more than just getting the required training and holding a certificate. It takes several years of applying various Six Sigma tools in real- life settings (specifically in life science industry) to be of true value. Remember one simple rule—any external resource you hire should be significantly better qualified in his/her specific area of expertise than your internally available capabilities. Prior to making your final selection, insist on meeting the people who will actually be working with you and your team. This may not be an issue when you are dealing with independent contractors, but can be a major point when dealing with large consulting companies. Look for actual industry experience—avoid lifetime consultants. There is no suitable substitute for real- life experience. Although it is not impossible, it is very difficult for someone who lacks the actual experience to relate to the issues you may be facing. Someone who can recite a hundred cookbooks verbatim but has no real- life cooking experience is not a real chef, in my opinion. Check your consultants’ background. Check references and speak with previous clients. Ask about a specific FDA requirement during your initial screening. If ever in doubt, politely walk away—there are literally hundreds more who will be more than happy to do business with you. Some time and effort spent on the selection process will save you lots of headaches and easily hundreds of thousands of dollars (or perhaps millions) in the future. Fair Evaluation of Results Be sure to ask for and to check references. Have the former clients truly achieved success? How long did the relationship last? Any project lasting in excess of six to 12 months may indicate some potential issues ahead. Any good consultant should work him/herself out of a job. If the consultant you are dealing with seems more interested in finding ways to stick around longer, rather than helping you deliver results, then I am afraid you got the wrong person in there. Ask very specific and pointed questions to judge their life science industry knowledge. Are they up-to-date on the latest biotech trends? How many other pharmaceutical clients have they had? Ask about one or two compliance issues they have solved (without compromising confidential agreements with other clients, of course). Have them provide case studies from other organizations that have faced similar situation/issues you are now attempting to resolve. Ask about their approaches, outcomes and the satisfaction of the clients. Ask for references and check them to make sure their clients share the same opinion. Based on the external resources’ previous experiences, what range of lead time reduction can you expect? Have they performed significant projects dealing with complaints and/or CAPA? What were the results? What did it take them to implement these improvements? What level of success can you expect in three months? With respect to quality, what tools and techniques do they have to identify sources of variability? Once identified, how do they reduce/eliminate the variability? How many companies have they worked with that were operating under consent decrees? What (if any) specific Six Sigma tools and techniques do they adopt to help with FDA audit process? What (if any) specific experiences do they have in migrating from clinical to commercial production? If a productivity gain was achieved, has the client been able to sustain it after the initial jump? Be sure to get a rough estimate of what the consultants c
HTTP = HTML link (for blogs, profiles,phorums):
Related Articles:Power Teams and Information Collection Business Growth Strategy: How Do You Use Pareto Analysis To Focus Efforts On Your Clients' Benefits? Amalgamation Of Metal Containers With Rfid Technology
|