The Historic GST or Goods and Services Tax has become a reality
The new tax system was launched at a function in Central Hall of Parliament on Friday midnight
Six Sigma is a management strategy for business processes, designed to improve productivity and overall performance using statistical data to identify errors. Originally developed by Motorola, the system was used to improve productivity by eliminating defects in their manufacturing processes. It is now widely recognised as one of the most effective ways to streamline any form of business process.
This article will explain the following: Continue reading “Lean Six Sigma Belts”
Lean is simply a method of streamlining a process, resulting in increased revenue, reduced costs and improved customer satisfaction. A Lean process: n Is faster n Is more efficient and economical n Delivers satisfactory quality Lean is achieved by removing “Waste“, which is activity not required to complete a process. After removing Waste, only the steps required to produce a product or service that is satisfactory to a Customer will remain
Six Sigma is simply a method of efficiently solving a problem. Using Six Sigma reduces the amount of defective products manufactured or services provided, resulting in increased revenue and greater customer satisfaction. What exactly does “Six Sigma” mean? Six Sigma is named after a statistical concept where a process only produces 3.4 defects per million opportunities (DPMO). Six Sigma can therefore be also thought of as a goal, where processes not only encounter less defects, but do so consistently (low variability). Basically, Six Sigma reduces variation, so products or services can be delivered as expected reliably Continue reading “Lean Six Sigma And It’s Benfits”
As college students work their way through school, they inch closer to the coveted graduation date and full time job. Along the way there can be constant pressure about getting an internship or not, and the question of whether it is really worth it? These are very good questions that each student thinks about, especially as they transition to upper-class men status.
Continue reading “Why are Internships in college so important?”
Instead of focusing on being the best, focus on being the best you can be.being the best, focus on being the best you can be.!!!!
ISO 9001:2015 implementation and certification may not always be at the top of a startup’s wish list, given the financial and operational pressures many new businesses find themselves under in the early stages of development. With decisions to be made in terms of what projects cost and the benefits they yield, is ISO 9001:2015 a reasonable investment for a startup? Implementing all elements of the standard can help a startup, but what parts of the ISO 9001:2015 standard in particular should prove to be of most benefit?
ISO 9001 for startups – The practicalities
The process approach: Establishing uniform processes in the early days of a business can yield great benefits as your startup grows. Forming common processes in these early days not only can help your organization provide consistent products and services, but will also provide a sound foundation for expansion and growth. Introducing new employees to processes that are established and well documented can help save on time, cost, and accuracy of delivery. You can learn more about this topic in the article ISO 9001: The importance of the process approach. in our previous article: How much does the ISO 9001 implementation cost? and this is undoubtedly a consideration for most startup businesses. At a time when most startups may have to make choices between implementation of certain project
s on a “cost versus benefit” basis, it is vital that a startup understands both parts of this equation. So, considering this, let us examine what benefits ISO 9001 implementation can bring to a startup business:
The Plan, Do, Check, Act model: This is a fundamental part of the ISO 9001 standard, and learning to use this effectively can benefit any startup business. At a time when speed of action seems very important to a young business, it may well pay to build a culture amongst your staff where careful planning, monitoring, and adjustment of actions taken helps to provide excellent and consistent results for the startup. You can find more details in the article Plan-Do-Check-Act in the ISO 9001 standard.
Drive your sales up using ISO 9001: In the article How can ISO 9001 boost your sales activities, we considered how implementing the standard can grow sales for your business. Using customer feedback, learning how to monitor and review, developing an effective corrective action process, and building a culture of continual improvement can all help to drive sales. Establishing these good habits in the early days of a startup can help to establish the good practice that helps your startup grow.
Developing a vigilant attitude to risk and opportunity: While risk and opportunity are critical elements of the ISO 9001:2015 standard, these items have always been at the center of successful businesses. Building a culture where startup employees have a keen eye for risk and opportunity will serve a business well, and allow profits to be maximized while risks are identified early and can be mitigated. You can learn more about this topic in the article How to address risk and opportunities in ISO 9001.
Control of change management: One thing that is certain is that change will happen throughout the early stages of a startup. Inability to handle change and develop accordingly is one of the main reasons that many startups do not survive through the first two years of business. In the article QMS change management in 7 steps, we considered how ISO 9001 can help an organization control and manage change with the correct mix of planning, action, and review. Planning for change is one of the most sensible things an aspirational startup can do, and recently has become a fashionable topic for investors to ask startup businesses about before making a financial commitment. After all, if a startup is not equipped for change, then growth cannot happen.
Setting goals and objectives: Goals and objectives are key elements of the ISO 9001:2015 standard, and critical elements for any new business. Establishing the practice of setting, reviewing, and taking action against objectives and the subsequent results is a vital part of driving growth and improvement early in a new business’s life.
It soon becomes clear that implementing ISO 9001 can bring many strengths as well as benefits to a startup, but is there anything else to note?
Startups – Why can ISO 9001 make the difference?
Whether only implementing ISO 9001:2015, or pursuing certification along with it, there are many benefits for the startup. Certification to the standard, however, can bring reputational benefits and ensure entry to levels of business that can propel a startup into relationships and contracts that a non-certified company certainly cannot attain. Before certification takes place – normally six months to a year down the line – there are still many benefits to be had. Evaluating competencies and learning to evaluate performance against objectives is an excellent habit encouraged by the standard that will provide huge benefits to a startup.
Continue reading “How can a startup benefit from iso 9001?”