A flowchart is an outline or schematic drawing of the process your team is trying to measure or improve. It can also be a picture of an ideal process that you would like to use. Process mapping with flowcharts can help people: Agree on the steps of a process and the order in which they occur See…
Enterprise In the January 1, 2009 edition of CFO Magazine , an article entitled Rethinking Risk referenced a recent survey of 125 CFO’s. The survey reports that 62% of the respondents blame the financial crisis on “risk management’s inability to understand complex financial instruments”. It states that nearly 75% of the executives rank risk management ahead of many key issues facing…
1. THROTTLE: OFF 2. FIRE LIGHT: DEPRESS 3. FIRE EXTINGUISHER READY LIGHT: DEPRESS 4. …. These are the first few steps or IMMEDIATE ACTION PROCEDURES (IAPs) that make up the beginning of an emergency situation checklist for an engine fire in a garden-variety high performance aircraft. These steps are listed in BOLD in the checklist and are MEMORY…
Companies frequently fail to conduct thorough background checks and due diligence on their employees and management. The headlines are filled with stories of corporate officers who exaggerate their business experience and lie about their education. This negligence on the part of management can lead to embarrassment and potential liability for the corporation. It is a sound business practice…
I was in Barnes & Noble over the weekend and beheld a seemingly endless collection of business books. Whilst thumbing through them, I noticed a mantra that almost all of the ones I looked at had in common – it’s not necessary to be completely right all of the time. Later that evening, I was…
