How to Understand Sales Pattern in Retail Business?

It is difficult to make predictions, especially about the future. – NEILS BOHR, Danish physicist What is Sales Pattern? The sales pattern is a collection of data about the sale of a particular product or group of products in the business for a given period and displaying it graphically to understand it’s behavior. These sales…… Continue reading How to Understand Sales Pattern in Retail Business?

‘5 Whys Analysis’ a Step-by-Step Guide for Beginners

'5 Whys Analysis' a Step-by-Step Guide for Beginners

5Whys Analysis is one of the simple and best tools to identify the root causes of a problem.In this article, we will explore the detailed structure of 5 Whys Analysis, Pre-requisites, Correct usages and its Limitations. What is the purpose of 5 Whys Analysis? Any problems can be addressed with corrections and corrective actions. While corrections…… Continue reading ‘5 Whys Analysis’ a Step-by-Step Guide for Beginners

Result-Oriented Business vs Process-Oriented Business

MSME Quality

In Japan, ‘Sumo’ is recognized as a national wrestling game.   It is considered as one of the important games in the world, which is practiced professionally with tradition. Like all other games, this game is also offering a great deal of money and prizes to the winners. But what makes it differentiates from others is,…… Continue reading Result-Oriented Business vs Process-Oriented Business