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Ajay Sharma.

Lean Six Sigma Black Belt
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About Ajay Sharma.

  • Rank
    Active Member
  • Birthday 12/17/1976

Profile Information

  • Name
    Ajay Sharma
  • Company
    Lucas TVS
  • Designation
    Head QA

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  1. “If a man put out the eye of another man, his eye shall be put out” -Hammurabi The Hammurabi code is the oldest written legal code by the king of Babylon, Hammurabi, who ruled over 42 years from 1792BC to 1750BC. The Hammurabi code is a collection of 282 rules to meet the justice for the standards of business interactions, fines and punishments. It was written over a black stone, finger shaped as shown below in figure (sourced from History.com) This code is earliest written law ever known (shown below in pic, sourced from history.com) Hammurabi code was carved to en
  2. “We become, neurologically, what we think.” — Nicholas Carr Popular lines by Nicholas Carr, supports and also briefly explains about the filter bubble. We become what we see repeatedly and we see what internet assumes we would like to see. When websites uses algorithms to assume what a user want to see and then fetches the information to the user related to his/her wants, then this is called as filter bubble which is a type of internet isolation. We see example of filter bubble in our daily routine life. When we browse some specific product on amazon or flipkart but don’t buy tha
  3. “Decisions are the hardest thing to make, Especially when it is a choice.” Analysis Paralysis and extinct by instinct both are two opposite sides of a coin. Where Analysis Paralysis is over analysing a situation so that a decision or action is never taken. Most of the corporates face this type of situation when they keep on thinking for even taking small steps or making decisions. In this scenario, Organizations bear losses of new businesses, potential customers and the money of course, which they could have earn. While on the other hand Extinct by instinct refers to making a
  4. “The best SOPs are the product of iterative process. Get a draft SOP displayed as fast as possible and make optimizations over time” SOP stands for standard operating procedure. It is the best tool to bring the standardization in process and reduce the variation due to operator’s way of doing a job. Generally a good SOP includes process parameters, product parameters, SOP identification and traceability no. and the flow of process with in an operation with PPE guidelines and do’s don’ts. But it has been noticed over time that even the detailed SOPs are available and displayed properly, s
  5. Although medical writers have acknowledged the problem of reporting biases for over a century, it was not until the second half of the 20th century that researchers began to investigate root and size of the problem of the reporting biases. Depending on the outcomes, the decision to publish or not the research findings whether positive or negative. Over the last 20 years, enough evidences have been collected that speaks that failure of publishing research studies which includes clinical trials and testing reports and their effectiveness is pervasive. Almost 90% of all failures to publish
  6. An elevator Pitch or elevator speech is a quick & effective introduction of one’s background and experience. It is called as elevator Pitch as it should be short enough to present during a small elevator ride. Elevator Speech is all about you, who you are and What you want to share your expertise and credentials quickly and effectively with the people who don’t know you. Elevator Pitch or elevator speech can be used at Job interviews, Marketing of new products ,Sales, job Fairs and career expos, Seminars, etc. How to prepare: 1-Your Elevator speech must be brie
  7. Ansoff Matrix was developed by Businessman and mathematician, H. Igor Ansoff. And was published first in Harvard business review in 1957, in an article titled “strategies for diversification”. It forced marketers and business leaders a quick and simple way to think about the risks of growth. Ansoff matrix gives four possible elements of growth, which vary in risk. 1. Market Penetration: Focusing on the sales increase of existing product in the existing market.. 2. Product Development: Focusing on new products development for an existing market. 3. Market De
  8. The SERVQUAL model initially designed for service sector and retailers those were interested in understanding and measuring service quality. Therefore broadly it is a perspective of Service as opposed to the manufacturing sector that focuses on inspection and physical goods testing. SERVQUAL model is a different concept. Service Quality is the customer’s assessment of delivery and value of the firm. SERVQUAL model is often called RATER model too, which denotes five factors of service sector. Where as SERVQUAL model stands for service Quality. Earlier this is the form of structured marke
  9. PICK chart a lean six sigma tools was developed by Lockheed Martin for Lean Production. Initially this was developed to prioritize implementation of process improvements/Kaizen in plant P=Possible-Low Pay off and Easy to Do I=Implement-High Pay off and Easy to do C=Challenge-High Pay off and Hard to do K=Kill- Low Pay off and Hard to do This is 2X2 matrix in which 4 Category available for decision where X axis has scale of benefits or payoff and Y axis has easiness of implementation. Then we have to make a decision and
  10. An American Writer, philosopher, politician, scientist, inventor, civic activist, and diplomat Benjamin Franklin wrote in his autobiography "He that has once done you a kindness will be more ready to do you another favor, than to whom you yourself have obliged". Means that it a psychological phenomena that a person who has already performed a favor for another is more likely to do another favor for the other person. If we ask people they will say that they help people because they like them, even if that is not true, but their mind will keep on struggling to maintain a logical consistency betw
  11. Herd immunity is also known as herd effect, community, population immunity and social immunity. As the name says itself about it, It is a type of protection of a large community from a contagious disease. It happens when large number of population has become immune to the infection, whether by the vaccination on large scale to protect the people who are not immune. When in a population a large number of individuals posses immunity will not contribute to transmit the disease , the chain of infection will disrupt which will slows the spread or eventually stops. In case, any person who can
  12. First, We need to understand the term “Business Excellence” and Elements of Sales and marketing, before we start to find the areas in sales and marketing which can be benefitted from business excellence. What is business Excellence model? Business Excellence is a set of Core values, Sometimes it is called as World Class Best Practices for managing organization and hitting the Organizational Goals. These best practices evolved into a Business model for “how to run a world class organization”. This Business model is developed and evolved with thorough Study of the world class Orga
  13. Nash equilibrium came from an American mathematician and inventor, John Nash. It is a decision making theorem of game theory. This theory determines the actions that participants of a game should take for best results in their favour. The Nash equilibrium can be used in many disciplines viz. Economics, social sciences etc. According to this theorem a player can achieve the best outcome without changing the initial strategy. One popular example is prisoner’s dilemma which adequately shows the effect of the Nash Equilibrium. The Prisoner’s Dilemma is a common
  14. Gauge R&R-Gauge Repeatability and Reproducibility is done to find out or understand error in Measurement system. Gauge:-Any device used to do measurement included go/no-go gauges Measurement system analysis done in following condition:- To accept new measuring equipment Comparing one measuring device with another Before and after repair To know error in measurement system Type of Measurement system variation Location variation Bias Linearity Stability Width Vari
  15. Internal Rate of Return (IRR), Net Present Value (NPV) and Return on Investment (ROI) are important terms used in finance find below understand the meaning and significance of all three financial metrics 1-IRR-The Internal Rate of Return is a discount rate that makes the NPV of all cash flow from a particular project equal to zero. IRR can be calculated as IRR=(Cash flow)/((1+r)*t)-initial investment To calculate IRR, NPV = 0 and then solve for IRR higher IRR of a p
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