Why Six Sigma is Important in Business

These days employers seek professionals having six sigma certification as they are expected to be proficient of using the techniques appropriately. There are many six sigma certification courses available online as well. You can also order one such program from a reputed provider and get the certification.

 

Six sigma certification are strategies and tools aimed at process improvement. It was a brain child of Motorola corporation and it was conceived in 1985 but its popularity surged when Jack Welch made it pivotal as his business strategy in the General Electric in the year 1995. It is today used by various sectors of the economy since it seeks to enhance out put process and quality through the identification and the removal of the causes of errors and the minimization of variability in the business and manufacturing processes. 

Sports Business: The Business of Sports Management

In this article the business of sport management is discussed. Firstly, a brief definition to the notion of sport management is given followed by an explanation of its history. 

 

Then the background and origin of sport management 
is discussed and the second part of the article is dedicated to the current situation and prospects of sport management. Special attention is paid to the educational sphere and career opportunities that potential employees may have in the field of sport management. Finally, the article is concluded by prospects of sport management for full time employment.

Sports Business: What Do You Look For?

As with every other business, the sports industry requires funding in order to enhance its growth and ensure its survival. In the past, the financial aspect of the business was a task that was managed by the marketing manager. 

 

Nowadays the overall responsibility of the financial status of the business is operated by the finance manager. The sports businesses also need to raise funds to increase their cash flow levels. They can do this through the stock exchange, mergers, acquisitions, promotions, athletes’ transfers etc.

Small Business: How to Promote Personal Responsibility When the Boss Is Away

In my world of customer service and project management at a very large, very successful company -

I have thought long and hard numerous times about how my employees are "producing" while management is away.  

Whether it's a daily meeting or vacation, we all have times where employees are on their own.  So how do we go about motivating them to be productive, work independently, and seek assistance from others without necessarily going to the top?  Here are some suggestions:  

Delegation for future success:

It is important to let your employees know you trust them to make the right decisions.  Let's face it, some great future leaders are out there in your workforce.  I've found that instilling a great team concept with a goal (be it financial or otherwise) is paramount to employee productivity with little or no supervision.  One of the biggest mistakes newer managers make is not allowing their hires to make their own mistakes.  Giving away that power is tough when it's ultimately your butt on the line at the end of the day.  We will go into this in greater detail in future writings.

Small Business: Top 5 Steps to Increase Your Productivity

How many hours are you spending a day to build your business?  If you are like me you probably spend a lot of time counting them.  So, what's the result?  Whatever the result is, sure there is a way to get a better one.  Well the answer is pretty easy: Because there is always a way to do things better.

The fact is that you are an entrepreneur and not an employee, so instead of being paid for the time you work as an employee, you will be paid for the results.  Your goal is not to make things as long as you can, but the better you can.  And if we act as smart entrepreneurs we may probably understand that if you invest time properly you will not only save time, but we can also spend that time to do more and more to increase your productivity.

Small Business: Creating a Brand From the Ground Up

So, you are thinking of a new way to brand your product, service or website? The following is the first in an installment of many articles dedicated to how to brand your company or product and what it means to do so.

First, we have to know a few things:

What does "Branding" mean?

Simply put, your brand is your promise to your customer. It tells them what they can expect from your products and services, and it differentiates your offering from the competition.

In short the definition from any dictionary is:

1. kind, grade, or make, as indicated by a stamp, trademark, or the like: the best brand of coffee.
2. a mark made by burning or otherwise, to indicate kind, grade, make, ownership, etc.
3. a mark formerly put upon criminals with a hot iron.
4. any mark of disgrace; stigma.

Now we can disregard the third definition and the others fit what we are talking about. I like to think of a brand in the business world as a mark, both figuratively and literally. It's who you are so you better not mess it up!

Sports Business: The Challenges in Financing Sports

In earlier times the marketing manager of an athletic team would project sales, the engineering and production staffs would determine the assets necessary to meet those demands, and the financial manager's job was simply to raise the money needed to purchase the required plant, equipment and inventories. 

 

That situation no longer exists. Decisions are now made in a much more coordinated manner, and the financial manager generally has direct responsibility for the overall financial status of any business.

According to theory, a healthy economy depends on efficient transfers of funds from people who are net savers to firms and individuals who need funds. Without efficient transfers, the economy simply can not function. Thus, sport businesses, as individuals and government units, often need to raise funds. Stock exchange markets, merges, acquisitions, promotional techniques, athletes' transfers, diversification, product or market development and syndicated loans, constitute methods for increasing cash flow levels.

Small Business: Signs you are an Entrepreneur

You know you are an entrepreneur when...

• You're constantly trying to think up new ways to be successful, or new business ideas to try out. You're not happy just getting on with things; you aim for the top and won't stop until you get there! You're full of motivation and ambition, which is an essential quality for any entrepreneur to have.

• You find out how to do something if you don't know straight away. You love being challenged and always want to learn new things, whether it's through workshops, courses, or simply doing research in your own time. If you can learn new things to make you more successful, as well as more confident in business, then even better.

• You're always trying to offer business "advice" to your friends and relatives, even if they don't want to hear it. You just can't stop talking about it! It's on your mind 24/7. You'll take heed from other entrepreneurs, and will often carry around a notepad and pen just in case you get that spark of inspiration.

• You approach risks with a sense of excitement rather than caution. You're not adverse to risk in your business plan; you know that it's often by undertaking the most risk that you can reap the most reward. An entrepreneur knows that risk means profit, so as long as you attack it correctly, you can be in line for a huge pay-off.

• You look at other businesses and think you could do better. It's this type of confidence that means you probably will, and all entrepreneurs have to possess it.

• You're always thinking of how you can secure your next investment. Your business plan is at the forefront of your mind, and you always want to tweak it to make it perfect. You know that a good business plan is the key to getting investment, and you want to make sure that you do.

• You don't get upset if one of your ideas doesn't work out, you pick yourself up and get on with the next one. You understand that business is difficult, and that not everyone makes it all the time, even the most successful of entrepreneurs. It just makes you even more determined to succeed with your next business venture. This type of persistence is essential.

• You've just read this, and all the points apply to you!

About Brian Daniel Young

Blog Carnival on Monday, November 4th | Everyone Welcome!

We are hosting our first ever blog carnival on Monday, November 4th.  So excited with what we have to show in the way of business, sports and other articles from great writers. 

Submit your blog article to the November 4th edition of Business and Sports Articles Carnival using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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