7 tools that can help you manage your business better
Managing your business well means measuring your progress regularly. Measurement is important because it is the only way we can tell if operations are getting better, staying the same or getting worse.
Managing by the seat of your pants, or gut feel, is very dangerous because we humans tend to have selective memory. We remember only some of the important events of the past year and completely forget others.
Charts and reports help us remember what happened and what we should look out for in the future. In Total Quality Management (TQM), this is referred to management based on data.
Here are the seven management tools used to keep track of your numbers to help you manage your business better.
The 7 QC Tools
- Check sheet
- Pareto diagram
- Cause and Effect Diagram
- Scatter Plot
- Control Charts
Read more about these tools here.
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