Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
Carlos Ghosn is a 64-year-old French citizen who is the head of three major automobile companies viz. Mitsubishi, Nissan as well as Renault. To people who are familiar with the automobile industry, Carlos Ghosn is not a name that needs any introduction. He is the wonder executive who has rescued automotive firms from the brink […]
What the Current Wave of Protectionism and Populism mean for the Future of Globalization and Free TradeThe Rise of Populism and Protectionism The election of President Trump represents the cusp of the current wave of protectionism and populism that emerged in the aftermath of the Global Financial Crisis of 2008. As the Brexit vote and the emergence of populist leaders such as Vladimir Putin in Russia showed, the disaffection and dissatisfaction […]
A Brief on Customs BrokerageInternational trade is regulated through tariffs and trade laws established by the Country’s Federal Governments to control the imports and exports of the country. The Government invests executive powers to the Customs Departments, headed by Custom’s Commissioners to administer the policies and tariffs on all imports and exports into and out of the country. Customs […]
Customs Clearance Agency and ProcessAny Organization that is engaged in Imports or Exports would require the services of third party Customs Clearance Agent as well as a Freight Forwarder. While freight forward manages the transportation part of the exports and imports, customs clearance and the approval and co-ordination with the rest of the regulatory authorities to affect the imports […]
Customs Clearance – Meaning, Scope and DocumentationCustoms Departments are the government designated authority to implement the policies related to import and export, collect customs duties and facilitate movement of people, goods, and cargo into and out of the country. Area of Operations and Authority Customs departments have offices at all seaports, airports and border gateways that are essentially the exit and […]
The analyze phase is one of the most dreaded phases in the Six Sigma methodology. There are common assumptions made that this phase involves a lot of high level statistical analysis. No wonder that most trainings are scheduled before analyze phase. The Six Sigma team members want to refresh their concepts before they actually get down and get their hands dirty.
However, the fact is that Statistics takes the limelight involved. Statistical analysis is just the last stage of a series of analysis. This is so because the Six Sigma methodology focuses on verifiable facts and statistics can empirically confirm a statement and make an opinion of a fact. Here is a look at the different analysis that are carried out behind the scenes.
Example: A Six Sigma project team is trying to conduct the analyze phase on a process. Even though the vital few inputs have been identified in the earlier stage, there still will be hundreds of relationships that might exist between the data. How does the Six Sigma project team know, which relationships are significant and must be hypothesised? No company has the resources to waste on conducting every possible hypothesis.
In such cases, the preliminary analysis serve the purpose. It requires some expertise and common sense on the part of a Six Sigma team to actually identify the business problems. These problems are then converted to statistical problems and a solution is reached as per the fact based nature of Six Sigma methodology.
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