MBizM

‘Benchmarking’ is a systematic management tool in process improvement that measures and compares an organization’s process, product, or service performance with those with better performance or those using world-class strategies – a.k.a. best practices. Robert Camp (1989), considered the founder of best practice benchmarking, defined the tool as the “search for industry best practices that will lead to superior performance”.

Finance organizations are experiencing challenges due to the growing competition in today’s advanced business environment (Madhani, 2020; Singh & Rathi, 2018). To gain a competitive advantage and stay in business, these organizations need to eliminate operational waste and enhance their efficiency and productivity to better manage their operational capabilities, increase customers’ satisfaction, and achieve their organizational objectives (Madhani, 2020; Singh & Rathi, 2018; Chiarani, 2013; De Koning et al., 2008). Hence, certain strategies like process improvement and innovation must be utilized to accomplish this feat (De Koning et al., 2008).

Have you ever had your eye on getting yourself Lean Six Sigma certified but don’t know which certification you should get? Yellow Belt? Green Belt? Black Belt?

It has already been established that the deployment of Lean Six Sigma, Design Thinking, and Agile independently are already quite effective in solving issues within an organization. So, imagine how powerful they can be when integrated together. This article briefly describes each of these methodologies and how their integration can be used to provide a stronger approach to solving organizational problems.

‘Kaizen Event’ is a focused and structured continuous improvement project, using a dedicated cross-functional team to address a targeted work area to achieve specific goals in an accelerated time frame (usually 1 week or shorter). In layman’s terms, a Kaizen event is an intensive and short-term project where employees of different organizational branches work together to implement actions to enhance and improve an existing process

Where is the stationery market headed? Fascinatingly, pencils are highly regarded as being mightier than pens because they can write 17.5 times longer than a pen can. Paper clips were once used as a symbol of Nazi resistance by Norwegian troops, and as serendipity has it, post-it notes were actually an accidental invention.

The concept of traditional learning and education has evolved radically over the past couple of years. Students are developing from carrying thick books to e-books, from physical classes to online classes. Online learning or e-learning has become part and parcel of our lives, especially when the COVID 19 pandemic hit our country. The pandemic made online learning has shown significant growth and is becoming more centric in our lives. Education and the internet have emerged, providing people with the opportunity to upskill and upscale. The COVID 19 pandemic has forced every industry to pivot its business plan to an online-based business. It has also forced universities, schools, nurseries, and companies to work remotely. Thus, online learning has been booming rapidly.