Tag: pdca & sdca cycle
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Difference Between Business Plan and Quality Objectives
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“Don’t let your luggage define your travels, each life unravels differently.” ― Shane Koyczan Introduction When we are planning to go on a long drive, say 500 kilometers, we focus on some macro-level activities like when we need to go, with whom we need to go, why we are going, how to go there etc. Before…
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Difference Between OKR (Objective and Key Result) and MBO (Management by Objectives)
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“If you desire to make a difference in the world, you must be different from the world.”— Elaine S. Dalton Introduction There are different ways to reach locations A to B. The important perspective is to identify a path wherein we can reach the destination at the lowest cost, with high efficiency and within…
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Setting Goals & Achieving Success: The Power of Management by Objectives (MBO)
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“Surround yourself with the best people you can find, delegate authority, and don’t interfere as long as the policy you’ve decided upon is being carried out.”— Ronald Reagan Introduction There are two different ways to accomplish a big task. One way is to assemble all the key people together and give them the task…
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What is Hoshin Kanri (Policy Deployment)
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“The essence of strategy is choosing what not to do.” — Michael E. Porter Introduction It has never been easier to start a business and reach a seven-digit revenue. However, in the history of mankind, it has never been harder to make people care about your products. There is severe competition in every market, and only…