12 Stocks for 10 Years – Adding Danaher
Posted on February 5, 2008 Comments (0)
With Microsoft’s offer for Yahoo I am replacing Yahoo with Danaher in the 12 Stocks for 10 Years portfolio. Other stocks in the portfolio include Google up 137% since purchased, PetroChina up 132%, Amazon up 106% and Toyota up 44%. I have considered Danaher since creating the portfolio and now looks like an attractive time to make the change. Other stocks I like now are Google, PetroChina, Toyota and Tesco. The bias toward companies that practice what I discuss in this blog is very intentional – I believe this stuff works and believe companies that manage using the ideas discussed here will prosper.
Curious Cat Management Improvement Blog previous posts on: Danaher – Toyota, Tesco and Google.
Related: Curious Cat Investing Search – Curious Cat Investing Blog – 10 stocks for 10 years
Improvement Through Designed Experiments
Posted on February 4, 2008 Comments (0)
The Rationale of Scientific Experimentation by John Dowd explains the value of designed experiments.
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In order to detect interactions and understand the nature of their effects it is necessary to combine the interacting factors into the same experimental runs. The problem is not necessarily knowing in advance if the interactions exist. Sometimes they are predictable with theory. Sometimes they are discovered when the process behaves ‘strangely’.
In addition to their efficiency, factorial designs also offer the only method of detecting interactions through experimentation. Because numerous factors can be combined in the same series of experimental runs, the interactions can be detected and the nature of their effects can be evaluated when they are present.
The paper also explains analytic and enumerative studies. Dr. Deming stressed the importance of understanding the distinction between the two.
Related: management improvement articles – Design of Experiments articles – Statistics for Experimenters – search statistical management improvement sites – Using Design of Experiments
Management Improvement Carnival #28
Posted on February 1, 2008 Comments (0)
Please submit your favorite management posts to the carnival. Read the previous management carnivals.
- Freedom = Success (And not the other way around) by Polly LaBarre – “we’re literally laboring under a myth (namely, time put in + physical presence + elbow grease = RESULTS). Our assumptions about how work works, where we work, and when we work are relics of the industrial age.”
- The Hidden Factory: Would the Customer Pay for That? by Peter Abilla – “most companies are glad that they do not have to reveal how their product or service is created, for fear of their inefficient processes and wasteful operations revealed to the customer.”
- We Need More Slogans! by Brian Tingley – “We used to have a slogan a year, sort of a focus on one issue. But now, we produce a new slogan every week. And what’s the result? We have a declining safety record.”
- Some Questions for Managers by Mark Graban – “Do you label those who speak up and identify problems (those asking for help) as trouble-makers?”
- Notes from the Book – Four Days with Dr Deming by Scott Hassler – “Special causes can be fixed by the people implementing the process via such things as training. Common causes need to be fixed by changing the process.”
- Data is like Art by Mike Wroblewski – “I just assumed once data is proven that the data becomes fact and everyone can move forward in agreement… Facts are facts, right? Not so fast, my friends. It is not that simple.”
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