Why Your Education Doesn’t Stop After Graduation

Sep 25, 2017 by

Problems exist in all phases of life’s journey. Some of the most common issues affecting university students are financial issues, time constraints, and peer pressure. However, these problems aren’t limited to the institutions of higher learning. They don’t go away once you secure a promising position in the right industry. At the most, they just change form.

At a job, problems become a variation of your earlier struggles. Financial issues are now due to insufficient sales; time constraints, due to rushing a product to market; and peer pressure, due to your superiors and colleagues expecting more from you.

While university studies in a business major can prepare you for a bright future and a sound career, it’s impossible for any course of education to cover everything. Life is too complicated for any institution to offer a comprehensive course. Besides knowledge itself is always in a state of perpetual evolution.

So all a good education can do for you is give you a good overview of what the industry is like and ground you in a theoretical understanding of how the various aspects of a business operate within the economy.

You can choose to see this pressing need to have problem-solving skills in business as an opportunity to play a more essential role in your organization. By enrolling in a course on a rigorous problem-solving methodology like six sigma green belt, you’ll make yourself an indispensable member of the team.

Problems Companies Face

Every business faces a variety of common problems. Here are five examples

  1. A business may have to protect its reputation due to bad press created by dissatisfied customers, or the accusations of competitors, or the new demands of a regulatory government agency.
  2. A business may have negative cash flow due to a slump in sales causing costs to exceed revenue.
  3. A business may have problems paying off the money it has borrowed for a project that failed.
  4. A business may be losing marketshare to competition that has lower prices, more talented people onboard or more sophisticated technology.
  5.  A business may be suffering from the effects of a bad economy or an increase in taxation.

In addition to these common business problems, each business has its own unique set of problems.For instance, it may have a variety of internal problems like poor administration, high staff turnover, or inefficient business processes.

Business problems usually come thick and fast, and sometimes they pile on top of each other, making it difficult to untangle the mess.

How Six Sigma Green Belt Training Can Help

While there are many aspects to becoming a green belt, one of the most fundamental and instrumental things that you will learn when earning your certification is how to use DMAIC.

DMAIC is a systematic way of problem solving. Each letter of the name stands for a step in the process. So, D stands for define; M stands for measure; A stands for Analyze, I stands for Improve; and C stands for Control.

After you have identified a problem worth working on, you’ll start by defining it. You need to get a good understanding of a problem before you can tackle it.

Then, you’ll need to measure the problem. Quantifying it makes it measurable. How much revenue have you lost in sales in the present quarter compared to the past one? What is the percentage of employee turnover rate?

Next, you’ll need to analyze the problem. What is the root cause of the problem? Is there a single cause or multiple causes? How did the problem start in the first place?

After your analysis, you’ll need to improve the situation. What are ways of solving the problem? Have other companies had this problem and solved it? What does research suggest as possible solutions?

Finally, you’ll need to maintain the solution. What can you do to prevent the problem from recurring again?

Problem Solving: A Career Accelerating Skill

One thing, few, if any, universities do is emphasize the acquisition of excellent problem-solving skills. In the real world, your ability to solve problems can make all the difference to your career success and the growth of the company. In fact, it’s not unreasonable to say that the difference between a thriving business and one struggling to stay in business is the ability to solve complex problems effectively.

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