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An Interrelationship Diagram is a visual display that maps out the cause and effect links among complex, multivariable problems or desired outcomes. With the linked connections, you can better analyze the cause-and-effect relationships that exist among all factors of a complex situation
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The Y-Chart is a graph consisting of three parts which can help organize the understanding of the subject by writing down and/or drawing the look, feel and sound of the subject. (1) What Does It Look Like? (2) What Does It Feel Like? (3) What Does It Sound Like?
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The reverse brainstorming lets you create unusual and wild ideas if the brainstorming process fails to meet the requirements. When typical brainstorming encounters difficulties, it’s time to be creative. A highly creative brainstorming technique is called reverse brainstorming. It can not only make ideas flow, but also bring a lot of fun. More importantly, it can stimulate innovative ideas and useful insights to produce positive results.
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Brainstorming is a group creativity technique by which efforts are made to find a conclusion for a specific problem by gathering a list of ideas spontaneously new ideas and possibilities. It’s a classic method widely used in business activities such as problem-solving, failure analysis, new product ideas, sales increasing, product improvements, etc.
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SWOT analysis is a technique developed at Stanford in the 1970s, frequently used in strategic planning. SWOT is an acronym for Strengths, Weaknesses, Opportunities, and Threats and is a structured planning method that evaluates those four elements of an organization, project or business venture. A SWOT analysis is a simple, but powerful, framework for leveraging the organization’s strengths, improving weaknesses, minimizing threats, and taking the greatest possible advantage of opportunities.
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Industry analysis is a tool to help companies understand where they stand compared to other companies that produce similar products or services; Understanding the impact factors across the industry is an important part of effective strategic planning that enables small business owners to identify threats and opportunities facing their business and focus resources on developing unique capabilities that provide a competitive advantage.
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A Five Forces analysis can help companies assess industry attractiveness, how trends will affect industry competition, which industries a company should compete in — and how companies can position themselves for success.
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Fault tree analysis is one of the most commonly used methods in system reliability analysis. It is a process of system design or improvement by analyzing various factors that may lead to system failure, including hardware, software, environment, human factors, etc. By drawing the fault tree, we can determine the possible combinations of modes and the probability of the cause of the system failure. The failure probability of the system is calculated and the corresponding measures are taken.
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PDCA is considered one of the most popular frameworks for continuous improvement of business processes. PDCA (plan do check action), also known as Deming cycle, is the simplest framework for process improvement. Basically, it’s a series of feedback cycles of continuous improvement — you decide how it works, figure out how to improve it, eventually make changes, and keep repeating the cycle. I believe PDCA is the simplest and most effective way to help you improve your workflow.
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The six thinking hats technique, proposed Edward de Bono in 1999, encourages a group to approach the issue at hand from a number of different perspectives. This forces the team to move outside their habitual thinking style, and helps them to get a more rounded view of a situation. It is an important and powerful technique to debate an issue, solve a problem or to arrive at an important decision.
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