Our Services

Get 15% Discount on your First Order

[rank_math_breadcrumb]

Business Finance – Management assignment 1

The Ishikawa Philosophy

Dr. Kaoru Ishikawa is regarded as the father of the Japanese quality movement. An engineer by trade, his approach to quality was a bottom-up, participative approach that is the defining trademark of the Japanese quality movement. This led to their becoming an industrial quality world leader in the 1980s. He was a strong proponent of the Feigenbaum philosophy and believed that all quality began and ended with the customer’s needs. Dr. Ishikawa is most widely known for developing a popular quality improvement tool called the 
cause-and-effect diagram, also called the 
fishbone diagram or the 
Ishikawa diagram (Evans & Lindsay, 2020).

 Below is an example of an Ishikawa diagram:

 

 

The 
Effect is the issue you are trying to solve. The 
Causes are the possible reasons why the issue, or 
Effect, is happening. The 
Symptoms are the possible explanations or reasons for the 
Causes.

File(s) needed: None. Student will create an original file.

Steps:

1. Using either Word or PowerPoint, create a file named 

LastName_Ishikawa 
(where LastName is your actual last name).

2. Utilize the Illustrations tool to create an Ishikawa diagram similar to the example above.

3. Identify an 
Effect that you wish to solve. It can be any problem, such as your computer won’t start or an illness you are feeling and want to identify what it is. Think carefully about this topic, and if you need help identifying an 
Effect, please ask your instructor for ideas.

4. Identify 
six areas (
Causes) that may contribute to the effect by drawing from your personal/professional experiences, the knowledge you have developed from other courses, or research you have done on the topic.

5. Identify 
no less than three symptoms for each cause.

6. Attach and submit your file for grading.

 

Pareto Chart

A Pareto chart often follows the creation of an Ishikawa chart or other method of identifying causes of failure. Now that those causes have been identified, they are classified by severity. Here is an example of the chart

The Pareto chart has data on three axis. On the left Y axis is the frequency of cause occurence. On the lower X axis the causes from the Ishikawa. Note that the symptoms are not included. Only the causes. On the right Y axis is the overall percentage. The percentage should always scale from 0% to 100%. The chart should caputre all of the known casues for this issue. If a new cause is found then it should be classified and added to the chart. 

How is a Pareto chart used? 

Now that the causes of failure and their frequency have been identified, resources can be assigned based on this information. In most cases, the causes would be corrected in order starting with the one that most frequently happens. In the graph above, traffic has the largest occurence. Maybe a mass communication is sent out ensureing that everyone checks Google/Apple maps before leaving their home. 

In some cases causes can be worked on simultaneously depending on the organization. The idea is the same though. Now that management knows what the causes are and how frequently they happen, resources can be better utilized to correct those causes. 

File(s) needed: None. Student will create an original file.

Steps:

1. Using Excel, create a file named 

LastName_Pareto 
(where LastName is your actual last name).

2. Create two column data chart listing all causes in one column and their frequency in the second. For this exercise, use your best judgment in determining the scope and scale of the frequency numbers. If your causes are car related, maybe this is failures over the course of a fleet. If it is home related, maybe all homes in a city. Use your best and reasonable judgment. 

3. Use Excel to create a Pareto chart. Search Excel help if needed. 

4. Modify the chart to give it a title and change the style to one that is not the default. 

5. Attach and submit your file for grading.

image1.png

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Government and Politics

Details attached.   The role of government in the economy is often debated by economists and businesspeople. 

HRM 6302 Unit V DBR

2 Employment Law HRM 6302 Unit V DB Reply 1 Posts to others should be a minimum of 150 words and use at least one supporting reference. You can use the text for this course as one of the reference sources. Reply to student post below Part I Under the Federal

Fin 6301 Unit VI PPP

2 Corporate Finance ECO 6301 Unit VI PowerPoint Presentation This assignment measures your mastery of ULOs 5.1, 5.2, and 5.3. The purpose of this PowerPoint Presentation is to analyze fundamental aspects of corporate finance management in multinational corporations. You will research a multinational corporation to focus on for the assignment,

gender

 In this summarize, Gallant writes mostly about gender and sex work. How might her ideas be expanded to consider gender in other areas of life?  

Real Estate Evaluation| Neighborhood Analysis

Identify and evaluate the neighborhood within which you live? Create a neighborhood profile using internet links and personal information that will provide some specific data. Draw some inference from this evaluation. Be sure to understand the term neighborhood and what makes this neighborhood different. Is it close to jobs? How

week 3 dicussion Organizational Behavior

 What are the factors that influence our perception? What is the link between perception and decision making? How do individual differences and organizational constraints influence decision making? 

FIN 6301 Unit V DB R1

2 Corporate Finance ECO 6301 Unit V DB Reply 1 • Your response post to class classmate should be at least 150 words in length. • Your response post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or

FIN 6301 Unit V DB R2

2 Corporate Finance ECO 6301 Unit V DB Reply 2 • Your response post to class classmate should be at least 150 words in length. • Your response post should include at least one APA-formatted scholarly, professional, or textbook reference with accompanying in-text citation to support any paraphrased, summarized, or

BUSINESS (NO PLAGARISM A+ WORK, ON TIME)

discussion and assignment ASSIGNMENT Brand Extension Assignment For this assignment, you are asked to choose an  existing brand and create a  brand extension for that brand. This is not connected to your final paper topic, so you can use any brand, including your final paper topic for this deliverable. Your goal is

Cash Budget

See attached Please complete Excel template provided The goal of this assignment is to demonstrate the process of construction and utilization of a cash budget for a company. The assignment is closely related to Course Objectives #02. For this assignment we consider the monthly cash budget for six months (January

Final Project: Present a Business Plan

   Final Project: Present a Business Plan WHO: You are the entrepreneur, and your job is to present a business plan for your entrepreneurial venture (I was thinking of a truck parking stop).

Deliverable 7 – Strategic Implementation of Quality Initiatives

  Competencies Analyze the history of healthcare quality improvement and how it shapes current and future quality initiatives. Evaluate patient care clinical outcomes using quality improvement principles. Evaluate healthcare quality measures and their use in diverse populations and settings. Apply models of quality improvement to institutional challenges within the healthcare

Week 4 Discussion Response- Account for Managment Decision Making

Account for Management Decision Making Week 4 Learning Resources Costs There are many different types of costs that impact a manager’s decision making. Therefore, it is imperative that managers understand what each type is as well as the ones relevant to a specific decision. In these resources, you will examine

Marketing Strategy

Marketing Strategy is already completed but need to make improvements based on feedback. I will share the document i have prepared thus far with the feedback, referrences.

Unit VIII FP

see attached Unit VIII A Case Analysis of AMC Assignment objective: AMC is the largest movie theater operator in the world. AMC recently became a popular meme stock. Take a few minutes to learn more about AMC Theaters . Length: Your submission is required to be at least 5 pages

Unit VII J

see attached Unit VII Journal Journal objective: Auctions can be an important tool for selling/buying goods and gathering information. Auctions are used in multiple venues including agriculture, eBay, and distressed asset sales. The seller does not have to worry about estimating demand and setting a price because the demanders will

3-2 Case Brief: Module Three Case Brief Listen

 Read and brief the case provided in this module’s resources. In addition to the brief, discuss the impact of the case on statutory law related to premises liability as a result of the court’s decision. 

Social, Behavioral, and Psychosocial Aspects of Epidemiology

Please respond to the following: After reviewing this week’s readings, analyze how social, behavioral, and psychosocial aspects of epidemiology are used to make decisions in a health care setting. Imagine you are going to work in a health care setting after finishing your readings for this week. How would you