Du Pont Analysis Definition, Explanations and Templates However by looking at the ROE just as an one single number analysts and investors are not really able to understand what makes the ROE such a good or poor indicator for a particular company. As a single number ROE can lead analysts into a wrong conclusion … Read more
How to Evaluate and Measure Employee Performance? While job descriptions are excellent tools for HR and managers to summarize the scope of employees’ responsibilities, duties and major focus – performance metrics are tools for converting those general statements into actionable and measurable initiatives. The key initiatives for each employee can be defined in a specific … Read more
Fishbone Diagram Step by Step Fishbone diagram is mostly used in quality control management and business process improvement initiatives. However this practical and very effective business tool can be also applied in any business situation where there is a need for structured categorization, analysis and presentation of the main issues in any opportunities … Read more
How to Use Benchmarking with Performance Metrics The question is ‘compared to what?’. It is important and we must measure our progress and compare our results today with our progress in the past, however is this enough? Do we need a better benchmark – an external benchmarking for our business performance. While we can still … Read more
What is the single KPI (only one) that can drive your business performance? While the majority of business organizations will answer that the single most important metric is the net profit – they are right but you need to come up with the one KPI which will motivate and directly drive your performance. … Read more
Easily Compare Your Actual and Target KPI / Metrics Values Are you struggling to visualize the performance of your key performance indicators (KPIs) and metrics? Look no further! Our Effective Actual vs Target Chart Excel is designed to help you effortlessly compare your actual results against your target values. With this user-friendly tool, you can … Read more
Performance Management All of these different levels of performance have to be linked to each other effectively to make sure all organizational activities on every level are streamlined and leveraged into the desired direction of achieving the overall strategic goals and objectives for the company. 1. Organizational Performance At the highest level of organizational performance … Read more
The Seven Quality Tools 1. Fishbone diagram Fishbone diagram or chart also known as cause and effect or Ishikawa chart / diagram is a quality management tool which is mainly used where there is a requirement for organized and structured grouping, segmentation or categorization of information and data. The fishbone analysis helps quality professionals to … Read more
Planning Management Succession Will your company be ready to potentially lose a large amount of employees all at the same time? Many companies operate without a succession plan. Truth be told, an official or at least unofficial succession plan should always be in place regardless of turnover anticipation. While today’s job market is slim and … Read more