What is Efficiency and Effectiveness? Efficiency and effectiveness are not the same thing. Efficiency is defined as the ability to accomplish something with the least amount of wasted

What is 6 ( Six ) Sigma? Six Sigma (6σ) is a set of techniques and tools for process improvement. It was introduced by American engineer Bill

What is FMEA? Also called: potential failure modes and effects analysis; failure modes, effects and criticality analysis (FMECA) Begun in the 1940s by the U.S.

What is 360 Degree Feedback ? A 360 degree feedback is a process through which feedback from an employee’s subordinates, colleagues, and supervisor, as well

What is PDCA Cycle? PDCA is an iterative four-step management method used in business for the control and continuous improvement of processes and products. It

There are quite a few differences between strategy and tactical planning. In short, strategic planning is used to set destination and how you are going