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

jjj

2 8- 10 minutes long 200 Points Topic and Speaking Outline Due: Oct 31 Via Moodle Class Presentation Using PowerPoint: Nov. 13 Purpose Statement: The ability to share ideas that change the minds and hearts of others, particularly in the organization, is what most communication activities strive for.  In their

D3

Case Analysis Paper Assignment Instructions You will analyze an article called The Strategic Choice of Contract Types in Business Process Outsourcing by Ge, L., Wang, X., & Yang, Z. (2021) and cover the pertinent facts of the article in the context of the respective project management procurement concepts under review.

UB3

Please follow instructions and use the provided template for the report  We have learned about some leading technologies that help banking the unbanked. Mobile banking makes banks more accessible. Mobile money also plays a crucial role in banking the unbanked. One noteworthy effort is M-PESA, a mobile money service that

ACC 5301 DB II R2

2 Management Applications of Accounting ACC 5301 DB II Reply II Your response to a second classmate should be at least 250 words in length. Yes, both financial accounting and managerial accounting are necessary for strategic business decisions, but they serve different purposes and, together, provide a complete picture of

Hiring a Project Manager

  Imagine you are the executive, looking to hire a project manager. What questions would you ask them to ensure they’d excel in the role and why these questions? Write 5-7 questions and provide some bullets on what you’d look for in a candidate’s responses. 

Case Study 2

   a. In what other ways could Fred look to engage Al as the sponsor? b. What could Al do differently as the project sponsor to be more successful? c. What could Fred do as the project manager to partner better with Al as the sponsor?

BUSINESS( NO PLAGARISM A+ WORK, ON TIME)

Tutor business assignment and spreadsheet Assignment Directions: There are 2 Parts to this Assignment. Use the templates provided. Prompt: Managers within the firm, as well as the firm’s owners and lenders, keep track of the firm’s performance by reviewing its financial statements: · income statement · balance sheet · statement

need it

NEED BY 5PM EST TOMM Articulate the connections between the concept of active learning/active environments and the cognitive theories of individuals such as Dewey, Piaget, and Vygotsky. • The paper should be no more than 3 pages long with additional cover and reference pages. • You are required to utilize

Business Finance – Economics HOMEWORK

see attached Use this reference for first 2 questions. Williams, J., Bettner, M., & Smith, K. (2023). Financial & Managerial Accounting (eBook with Connect access). New York, NY: McGraw-Hill Education. Homework 1, 1 page with 2 references: Manufacturing Costs: Pick a product and identify four direct materials that are used

HRM 6303 III PPP

2 Training and Development HRM 6303 Unit III PPP Unit III PowerPoint Presentation Imagine you are the lead trainer for a global organization, and you are ready for the next step in your career. Through data analytics and observations, you have noticed that employees across the organization do not share

Business Finance – Management Case Study Assignment

   Q1. Develop the management-research question hierarchy through investigative questions for this project. Q2. Using the research process model (Exhibit 4-1), describe and evaluate the research design of this project. Q3. Describe and evaluate the sampling design for this project.

Which of the following is a topic of macroeconomics?

 Which of the following is a topic of macroeconomics? A) why nations have different rates of growth B) what causes inflation and what can be done about it C) why unemployment periodically reaches very high levels D) all of the above Last edited by  survival race  30 seconds ago

PERSONAL SWOT Analysis

Conduct a management SWOT (strengths, weaknesses, opportunities, threats) analysis on your personal effectiveness on the managerial level of an organization. Do this by identifying your strengths and weaknesses as a manager, as well as the opportunities that you can take advantage of to make you a stronger manager, and threats

cap

  3. Internal Analysis The group should perform a thorough internal analysis to understand the strengths and weaknesses within the firm. 3.1 VRIN Analysis of Firm Resources Identify the four most important resources of the firm and explain why they are the four most important resources for this specific firm.

International marketing

  Assume that you are the director of international marketing for a company producing refrigerators. Select one country in Latin America and one in Europe and developescreening criteria to use in evaluating the two countries. Make any additional assumptions that are necessary about your company. Assuming that consumption plays some

ACC 5301 DB II R I

2 Management Applications of Accounting ACC 5301 DB II Reply I Your response to a classmate should be at least 250 words in length. The Importance of Financial and Managerial Accounting in Strategic Decision-Making Every successful business relies on accurate financial information to survive and thrive in a competitive marketplace.

HRM 6303 DBI R

2 Training and Development HRM 6303 Unit I DB Reply A response post to at least one other student is due by end of day Tuesday.  Posts to others should be a minimum of 250 words in length. Part I My name is Larry Taylor, and I live in Delaware.

MISw2

Welcome to week two. Now that you’ve explored what makes a problem worth solving, it’s time to zoom in on who you’re solving it for and why it matters. This week’s assignment helps you define your target user, the problem they face, and the questions you’ll need to answer to