Step costs are costs that will remain fixed over the range of a certain activity and after that they’ll change. Basically, these types of costs change in batches or certain fixed ranges at some point in time. As your capacity and operations change these ranges will change as well changing your cost structure (both fixed … Read more
How to Pick KPIs for Management Dashboard Reporting The business process perspective of the balanced scorecard and every operational dashboard in business reporting is a critical driver for the productivity in the organizations. This is true for every type of business – service operations, manufacturing companies, professional practices and small businesses. This means that developing … Read more
How to Use Conjoint Analysis? Conjoint Analysis Examples Tools and Templates Each and every product and service is a bundle of different attributes such as design attributes, features, functionality and physical attributes. Every product or service attribute which drives the value for the customer is relevant and used in conjoint analysis. Marketing research and marketing … Read more
The top priority and the main objective of the cost of quality approach should always be to improve the performance by focusing on continuously reducing the poor quality in every aspect of the business operations. The common issue in cost analysis for quality professionals occurs when hidden, indirect and opportunity costs have been ignored or … Read more
Managing customer service operations is very important function for every business organization. This is where your employees interact directly with your customers. There are many important outcomes from your customer service such as gathering customer data, analyzing the types of interactions or calls, measuring the trend in customer satisfaction, answering customer questions, helping existing customers, … Read more
Small Business Financial Statements and Reports Templates While talking with a group of friends, a novice golfer claimed that he had more fun playing golf when he didn’t keep score. Many small business owners may feel the same way about their finances. Often they are afraid to keep score, afraid of what the numbers may … Read more
The process of hiring and retaining your top performers has a strategic impact on your organization. Every organization is on continuous search for high talent – people who have the skills, expertise and experience which are in line with the company’s vision, strategy and operations. In addition the company culture as a very important part … Read more
If this formula is so important and so easy to calculate the question is why we are not using it when it comes to some most important issues in our organizations. Marketing is an ideal example representing those areas. Today you will still find many people talking about whether ROI on marketing can be measured. … Read more
Selecting the suitable pilot project for the new QC system On many occasions, the most effective method to putting into action a quality management system would be to release a pilot project. The pilot project is actually a try out or perhaps testing of the approach on a small scale, carried out for that reason … Read more