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

What does SWOT stand for? SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is a technique for assessing these four aspects of your

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 Efficiency Efficiency is the ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result.