SOC 2 And Business Continuity
A business continuity policy should be part of your company’s operational setup. Up to 25% of businesses fail to recover from disasters. It can be incredibly difficult for a small business to return to normalcy after an interruption. An insurance policy and emergency funds can only help you to [...]
Six Sigma Explained for Beginners
What is Six Sigma? A new idea of quality management process was developed in 1986 by the American company Motorola in accordance with evolving markets and processes. This concept has been polished and refined over the years into a proper theory of principles and methods, designed for business transformation [...]
Using 5 Whys Analysis for Problem Solving
Every organization can experience unexpected problems in its processes. But the fact is that these problems can just be a sign of deeper issues. It can be an appropriate solution to quickly fix the problem; still, it doesn’t keep us safe from repetitive mistakes as initial containment actions or [...]
Using a Change Impact Assessment Matrix within Your Business
Majority of business improvement projects can be successful on the basis of their ability to implement change in an efficient as well effective manner. Usually the most challenging part of the change initiative is to prepare people for that. People are forced to deal with the reality of continuous [...]
Internal Audit Requirement When Certified Under ISO 9001
The internal audit program is a crucial part of ISO 9001. Basically, it is a self-analysis tool which enables a business entity to periodically authenticate that it is fulfilling all requirements of the ISO 9001. Internal audits are those audits which are conducted by our organization and they act [...]
How to Do Pareto Analysis and The Benefits
Joseph M. Juran who was a Romanian-born American engineer and management consultant, proposed the principle of Pareto Analysis in the late 1940s. He named this analysis after Italian economist Vilfredo Pareto as it was observed by him that in Italy 20% of the population utilized 80% of income. Afterwards, [...]