Why Why Analysis is where your search for one of the simplest and effective problem solving methods ends. Widely used in the world of lean development, this method also known as the 5 Why Analysis, cuts through false alarms and leads you to the root cause of a problem.
You are not alone if you are yet to use your CRM system to its full potential. Stats show that most businesses are never able to unlock most of the features and functionalities of their customer relationship management software. Did you know a business can create value for its customers using a CRM?
Is your business penny wise and pound foolish? Sometimes making penny wise decisions with your business can lead to being pound foolish in the long run. You may be able to save a little money in the short term, but if it means sacrificing essential functions or investments in your company, you could be doing more harm than good.
Making sound business decisions often relies on having accurate data. However, not all data is created equal, and it can be difficult to measure the spread of data to understand how it varies and what that means for your business. There are a few different ways to go about measuring the spread of data, each with its benefits and drawbacks. In this blog post, we will explore three of the most common methods used to measure the spread of data.
Tracking the right metrics is essential to understand and measure your business growth. While some businesses may be tempted to focus exclusively on their financial growth, several other measures can be just as valuable in gauging overall success.
Intrapreneurship is the act of creating and implementing new ideas within an existing company. It is a way to encourage and promote innovation within your organization. Promoting intrapreneurship can lead to improved productivity, creativity, and competitiveness.
The ability to solve problems is a vital skill for any entrepreneur. It’s what allows us to see potential solutions where others might only see obstacles. Problem solving is also key in helping us navigate through unexpected challenges and crises as they come up. When it comes to problem solving, practice makes perfect. How can we get better at problem solving?
You can’t fight all fires. How many businesses have succumbed to the pandemic? Many. Across geographies and industries. Some may argue that the pandemic was once in a lifetime event. But can you be sure? Hence, problem solving becomes the key to business sustainability. How well can we distinguish problems from fires? And how can we turn fires into problems?
Denny Crane, played by William Shatner, in the legal drama Boston Legal is one of my all-time favorite characters. Josh Bell, TV Critic for Las Vegas Weekly, describes Denny as “egomaniacal, sexually ravenous, prone to malapropisms”. That’s an apt description. In the show, Denny is a “renowned attorney of some fifty years of practice, who claims to have won 6043 cases and will never lose one”. With such an impressive resume, he sure has some life and business lessons for all of us.
A/B testing or split testing is how marketers use a number of variations of a campaign. This lets them determine which performs better. As a manager, how do you know what works best? Can you do better? How can managers use A/B testing?