Statistical Thinking

Improving Business Performance

Author: Roger Hoerl,Ron D. Snee

Publisher: John Wiley & Sons

ISBN: 1118094778

Category: Business & Economics

Page: 544

View: 1892

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How statistical thinking and methodology can help you make crucial business decisions Straightforward and insightful, Statistical Thinking: Improving Business Performance, Second Edition, prepares you for business leadership by developing your capacity to apply statistical thinking to improve business processes. Unique and compelling, this book shows you how to derive actionable conclusions from data analysis, solve real problems, and improve real processes. Here, you'll discover how to implement statistical thinking and methodology in your work to improve business performance. Explores why statistical thinking is necessary and helpful Provides case studies that illustrate how to integrate several statistical tools into the decision-making process Facilitates and encourages an experiential learning environment to enable you to apply material to actual problems With an in-depth discussion of JMP® software, the new edition of this important book focuses on skills to improve business processes, including collecting data appropriate for a specified purpose, recognizing limitations in existing data, and understanding the limitations of statistical analyses.

Statistical Thinking

Improving Business Performance

Author: Roger Hoerl,Ron D. Snee

Publisher: John Wiley & Sons

ISBN: 1118236858

Category: Business & Economics

Page: 544

View: 6676

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How statistical thinking and methodology can help you make crucial business decisions Straightforward and insightful, Statistical Thinking: Improving Business Performance, Second Edition, prepares you for business leadership by developing your capacity to apply statistical thinking to improve business processes. Unique and compelling, this book shows you how to derive actionable conclusions from data analysis, solve real problems, and improve real processes. Here, you'll discover how to implement statistical thinking and methodology in your work to improve business performance. Explores why statistical thinking is necessary and helpful Provides case studies that illustrate how to integrate several statistical tools into the decision-making process Facilitates and encourages an experiential learning environment to enable you to apply material to actual problems With an in-depth discussion of JMP® software, the new edition of this important book focuses on skills to improve business processes, including collecting data appropriate for a specified purpose, recognizing limitations in existing data, and understanding the limitations of statistical analyses.

Improving Performance Through Statistical Thinking

Author: N.A

Publisher: ASQ Quality Press

ISBN: 9780873894678

Category: Business & Economics

Page: 171

View: 6159

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Presents a clear and practical explanation of statistical thinking without the typical equations and formulas. This book bridges the gap from concept to application by providing step-by-step guidance on how to get started on problems.

Six Sigma Beyond the Factory Floor

Deployment Strategies for Financial Services, Health Care, and the Rest of the Real Economy

Author: Ronald D. Snee,Roger Wesley Hoerl

Publisher: Ft Press

ISBN: 9780131439887

Category: Business & Economics

Page: 326

View: 6934

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"This book dispels the myth that Six Sigma is limited to the manufacturing process by providing compelling examples of transactional successes combined with a guide to practical deployment." –Paul J. Norris, Chairman and Chief Executive Officer, W. R. Grace & Co. "Ronald D. Snee and Roger W. Hoerl provide a compelling, fact-based, example-supported argument on the importance of improvement of nonmanufacturing processes within a manufacturing company. This valuable book completes the authors' "trilogy" of books on improving business performance via statistical thinking and Six Sigma, and is a welcome addition to the library of any individual or company engaged in this pursuit of excellence." –Dr. Steven P. Bailey, principal consultant and Master Black Belt, DuPont Engineering, Past President American Society for Quality "As interest in Six Sigma continues to flourish, this book will be of interest to newcomers and veterans alike. Snee and Hoerl address the case for Six Sigma, ensuring successful deployment and project success through a detailed yet easily understood style. Their use of case studies rounds out their assertion that Six Sigma can and should be used to improve performance in all types of businesses, from finance to health care." –Jean Cherry, Executive Vice-President, Commonwealth Health Corporation The first comprehensive, step-by-step Six Sigma implementation guide for nonmanufacturing organizations For finance, health care, retail, logistics/supply chains, R&D, education, nonprofits... every nonmanufacturing organization and function Expert deployment planning strategies, proven execution tactics Statistical methods, tools, and best practices–customized for nonmanufacturing organizations Something for every Six Sigma implementer–from beginners to leaders, champions, green belts, black belts, and master black belts Coauthored by Roger W. Hoerl, a leader in implementing Six Sigma at GE, including in corporate finance Nonmanufacturing organizations are rapidly discovering Six Sigma's immense potential to reduce costs, improve performance, grow revenue, strengthen focus, and empower people. To achieve these results in your organization, start right here. Drawing on new case studies, renowned practitioners Ron Snee and Roger Hoerl cover up-front planning and strategy... team building and executive sponsorship... project execution... methods, statistical tools, and metrics... overcoming obstacles... and much more. Their advice and best practices can guide you through any stage of the process, whether you're just starting out or extending an existing initiative. With their help, scores of world-class enterprises have delivered on the promise of Six Sigma. With this book, you can, too. Dr. Ronald D. Snee is principal in Tunnell Consulting's Performance Excellence Practice, which offers Six Sigma consulting, training, facilitation, and implementation, in addition to other process improvement approaches. Dr. Snee is a winner of the American Society for Quality's highest honor, the Shewhart Medal, and has served as a member of the Malcolm Baldrige National Quality Award Criteria Team. He designed DuPont's first company-wide continuous improvement curriculum. Dr. Roger W. Hoerl is a long-time leader of GE's renowned Six Sigma initiative. As manager of GE's Applied Statistics Lab, he partners on R&D with GE businesses ranging from NBC and GE Capital to GE Aircraft Engines. He has implemented Six Sigma in a wide range of GE processes, ranging from corporate audit to delinquent credit card tracking. He recently won the American Society of Quality's 2002 Brumbaugh Award. Snee and Hoerl are coauthors ofLeading Six Sigma(Financial Times-Prentice Hall, 2003), the best-selling executive's guide to Six Sigma. They also cowroteStatistical Thinking: Improving Business Performance(Duxbury Thomson Learning, 2002), an innovative guide to the strategic use of data and statistics in solving business problems. There are dozens of books on implementing Six Sigma in manufacturing. But what if you're in finance? Or health care? Or e-commerce? Or supply chain management? Or R&D? Or the nonprofit sector? This book focuses on your needs: Six Sigma Beyond the Factory Floor, the start-to-finish Six Sigma guide for the rest of the real economy. Ronald D. Snee and Roger W. Hoerl cover every level of Six Sigma implementation in nonmanufacturing environments: deployment planning and strategy, project execution, methods, statistical tools, and more. Throughout, they illuminate key concepts with case studies from a wide range of businesses and functions. Drawing on their unsurpassed consulting experience, they systematically identify hurdles to success–and best practices for overcoming them. Whatever your Six Sigma goals, this book will help you achieve them faster–with less pain, cost, or risk. Using a proven Six Sigma deployment roadmap for nonmanufacturing organizations Planning strategies, execution tactics, customized methods and tools Leveraging the immense value of Six Sigma in your environment Realistically assessing the benefits of Six Sigma in nonmanufacturing organizations Driving ongoing success: lessons from real-world case studies Best practices for driving project-by-project improvement Aligning the entire organization behind Six Sigma From leadership commitment to team building–and beyond

Leading Six Sigma

A Step-by-step Guide Based on Experience with GE and Other Six Sigma Companies

Author: Ronald D. Snee,Roger Wesley Hoerl

Publisher: FT Press

ISBN: 9780130084576

Category: Business & Economics

Page: 279

View: 8297

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Leading Six Sigmais the complete guide to leading quality initiatives in your company. Top Six Sigma consultant Ronald Snee and GE quality leader Roger Hoerl demonstrate how to deploy a Six Sigma plan that reflects your unique organization, and key lessons learned from the world's best implementations. Coverage includes every facet of Six Sigma leadership: strategy, goal setting, metrics, training, roles/responsibilities, processes, reporting, rewards, ongoing review, and much more.

The Power of People

How Successful Organizations Use Workforce Analytics To Improve Business Performance

Author: Nigel Guenole,Jonathan Ferrar,Sheri Feinzig

Publisher: FT Press

ISBN: 0134544544

Category: Business & Economics

Page: 352

View: 2854

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Learn from Today’s Most Successful Workforce Analytics Leaders Transforming the immense potential of workforce analytics into reality isn’t easy. Pioneering practitioners have learned crucial lessons that can help you succeed. The Power of People shares their journeys—and their indispensable insights. Drawing on incisive case studies and vignettes, three experts help you bring purpose and clarity to any workforce analytics project, with robust research design and analysis to get reliable insights. They reveal where to start, where to find stakeholder support, and how to earn “quick wins” to build upon. You’ll learn how to sustain success through best-practice data management, technology usage, partnering, and skill building. Finally, you’ll discover how to earn even more value by establishing an analytical mindset throughout HR, and building two key skills: storytelling and visualization. The Power of People will be invaluable to HR executives establishing or leading analytics functions; HR professionals planning analytics projects; and any business executive who wants more value from HR.

Intuitive Biostatistics

A Nonmathematical Guide to Statistical Thinking

Author: Harvey Motulsky

Publisher: Oxford University Press, USA

ISBN: 0199946647

Category: Medical

Page: 540

View: 7427

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Thoroughly revised and updated, the third edition of Intuitive Biostatistics: A Nonmathematical Guide to Statistical Thinking retains and refines the core perspectives of the previous editions: a focus on how to interpret statistical results rather than on how to analyze data, minimal use of equations, and a detailed review of assumptions and common mistakes. With its engaging and conversational tone, this unique book provides a clear introduction to statistics for undergraduate and graduate students in a wide range of fields and also serves as a statistics refresher for working scientists. It is especially useful for those students in health-science related fields who have no background in biostatistics. NEW TO THIS EDITION * A new chapter on the complexities of probability * A new chapter on meta-analysis * A completely rewritten chapter on statistical traps to avoid * More sections on common mistakes in data analysis * More Q&A sections * New topics and examples * New learning tools (each chapter ends with a summary and a list of statistical terms)

A Manager's Guide to Improving Workplace Performance

Author: Roger Chevalier

Publisher: AMACOM Div American Mgmt Assn

ISBN: 0814400531

Category: Business & Economics

Page: 212

View: 6804

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Winner of the International Society for Performance Improvement (ISPI) Award of Excellence for 2008 Selected for the 2008 ISPI Award of Excellence for Outstanding Communication Foreword by Marshall Goldsmith While many supervisors know how to identify flaws in their employees+ performance, only the best managers truly know what it takes to fix the problem. A Manager+s Guide to Improving Workplace Performanc e offers a practical, step-by-step approach to guiding employees to excellence by analyzing their problem areas, developing creative solutions, and implementing change. Employee performance expert Roger Chevalier has helped thousands of managers and human resources professionals to bring out the best in their workers. Using case studies and real-life examples, he shows supervisors how to take their employees from good to great by: * using tools like the Performance Coaching Process, Performance Counseling Guide, and Performance Analysis Worksheets * tailoring the amount of direction and support to an employee+s specific abilities and motivations * applying the Situational Leadership model to teams and individual employees. Practical and authoritative, this book offers a positive, yet realistic solution for one of the greatest workplace challenges facing managers.

The Challenge of Developing Statistical Literacy, Reasoning and Thinking

Author: Dani Ben-Zvi,Joan Garfield

Publisher: Springer Science & Business Media

ISBN: 9781402022784

Category: Mathematics

Page: 423

View: 7170

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Unique in that it collects, presents, and synthesizes cutting edge research on different aspects of statistical reasoning and applies this research to the teaching of statistics to students at all educational levels, this volume will prove of great value to mathematics and statistics education researchers, statistics educators, statisticians, cognitive psychologists, mathematics teachers, mathematics and statistics curriculum developers, and quantitative literacy experts in education and government.

Fundamentals of Statistical Thinking: Tools and Applications

Author: Yuly Koshevnik

Publisher: N.A

ISBN: 9781516511624

Category: Mathematics

Page: 208

View: 8995

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Written for students with basic experience in college algebra and applied calculus, Fundamentals of Statistical Thinking: Tools and Applications familiarizes readers with fundamental concepts in statistical thinking in order to prepare them for specialized management courses such as econometrics and quantitative analysis. The book is organized into four sections, each of which focuses on a common tool used in application. Chapters 1 through 4 discuss data analysis and summaries, with an emphasis on descriptive statistics and visualization. In Chapters 5 through 8 students learn about probability models and sampling distributions. Chapters 9 and 10 deal with statistical inferences, while Chapters 11 and 12 provide further applications for categorical data and simple linear regression models. Graphical illustrations support the written text and each chapter concludes with a visual summary. Rooted in over ten years of classroom experience at both the undergraduate and graduate levels, Fundamentals of Statistical Thinking helps readers understand the importance of the main technical tools of statistical decision making, and explains when they can most appropriately be used for applied studies. Yuly Koshevnik earned his Ph.D. in mathematical statistics at Moscow State University. Dr. Koshevnik worked as associate professor of statistical sciences at Southern Methodist University (1991-1996) and is currently a faculty member in the mathematical sciences department at the University of Texas, Dallas where he teaches courses in statistical decision making and probability and statistics for management and economics as well as in actuarial science.

Statistical Thinking for Non-Statisticians in Drug Regulation

Author: Richard Kay

Publisher: John Wiley & Sons

ISBN: 1118470974

Category: Medical

Page: 368

View: 7028

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Statistical Thinking for Non-Statisticians in Drug Regulation, Second Edition, is a need-to-know guide to understanding statistical methodology, statistical data and results within drug development and clinical trials. It provides non-statisticians working in the pharmaceutical and medical device industries with an accessible introduction to the knowledge they need when working with statistical information and communicating with statisticians. It covers the statistical aspects of design, conduct, analysis and presentation of data from clinical trials in drug regulation and improves the ability to read, understand and critically appraise statistical methodology in papers and reports. As such, it is directly concerned with the day-to-day practice and the regulatory requirements of drug development and clinical trials. Fully conversant with current regulatory requirements, this second edition includes five new chapters covering Bayesian statistics, adaptive designs, observational studies, methods for safety analysis and monitoring and statistics for diagnosis. Authored by a respected lecturer and consultant to the pharmaceutical industry, Statistical Thinking for Non-Statisticians in Drug Regulation is an ideal guide for physicians, clinical research scientists, managers and associates, data managers, medical writers, regulatory personnel and for all non-statisticians working and learning within the pharmaceutical industry.

Black Box Thinking

Why Most People Never Learn from Their Mistakes--But Some Do

Author: Matthew Syed

Publisher: Penguin

ISBN: 069840887X

Category: Business & Economics

Page: 320

View: 6304

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Nobody wants to fail. But in highly complex organizations, success can happen only when we confront our mistakes, learn from our own version of a black box, and create a climate where it’s safe to fail. We all have to endure failure from time to time, whether it’s underperforming at a job interview, flunking an exam, or losing a pickup basketball game. But for people working in safety-critical industries, getting it wrong can have deadly consequences. Consider the shocking fact that preventable medical error is the third-biggest killer in the United States, causing more than 400,000 deaths every year. More people die from mistakes made by doctors and hospitals than from traffic accidents. And most of those mistakes are never made public, because of malpractice settlements with nondisclosure clauses. For a dramatically different approach to failure, look at aviation. Every passenger aircraft in the world is equipped with an almost indestructible black box. Whenever there’s any sort of mishap, major or minor, the box is opened, the data is analyzed, and experts figure out exactly what went wrong. Then the facts are published and procedures are changed, so that the same mistakes won’t happen again. By applying this method in recent decades, the industry has created an astonishingly good safety record. Few of us put lives at risk in our daily work as surgeons and pilots do, but we all have a strong interest in avoiding predictable and preventable errors. So why don’t we all embrace the aviation approach to failure rather than the health-care approach? As Matthew Syed shows in this eye-opening book, the answer is rooted in human psychology and organizational culture. Syed argues that the most important determinant of success in any field is an acknowledgment of failure and a willingness to engage with it. Yet most of us are stuck in a relationship with failure that impedes progress, halts innovation, and damages our careers and personal lives. We rarely acknowledge or learn from failure—even though we often claim the opposite. We think we have 20/20 hindsight, but our vision is usually fuzzy. Syed draws on a wide range of sources—from anthropology and psychology to history and complexity theory—to explore the subtle but predictable patterns of human error and our defensive responses to error. He also shares fascinating stories of individuals and organizations that have successfully embraced a black box approach to improvement, such as David Beckham, the Mercedes F1 team, and Dropbox.

Statistical Thinking in Sports

Author: Jim Albert,Ruud H. Koning

Publisher: CRC Press

ISBN: 9781584888697

Category: Mathematics

Page: 298

View: 5055

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Since the first athletic events found a fan base, sports and statistics have always maintained a tight and at times mythical relationship. As a way to relay the telling of a game's drama and attest to the prodigious powers of the heroes involved, those reporting on the games tallied up the numbers that they believe best described the action and best defined the winning edge. However, they may not have always counted the right numbers. Many of our hallowed beliefs about sports statistics have long been fraught with misnomers. Whether it concerns Scottish football or American baseball, the most revered statistics often have little to do with any winning edge. Covering an international collection of sports, Statistical Thinking in Sports provides an accessible survey of current research in statistics and sports, written by experts from a variety of arenas. Rather than rely on casual observation, they apply the rigorous tools of statistics to re-examine many of those concepts that have gone from belief to fact, based mostly on the repetition of their claims. Leaving assumption behind, these researchers take on a host of tough questions- Is a tennis player only as good as his or her first serve? Is there such a thing as home field advantage? Do concerns over a decline in soccer's competitive balance have any merit? What of momentum-is its staying power any greater than yesterday's win? And what of pressure performers? Are there such creatures or ultimately, does every performer fall back to his or her established normative? Investigating a wide range of international team and individual sports, the book considers the ability to make predictions, define trends, and measure any number of influences. It is full of interesting and useful examples for those teaching introductory statistics. Although the articles are aimed at general readers, the serious researcher in sports statistics will also find the articles of value and highly useful as starting points for further research.

Strategies for Formulations Development

A Step-by-Step Guide Using JMP

Author: Ronald Snee,Roger Hoerl

Publisher: SAS Institute

ISBN: 1629605301

Category: Computers

Page: 294

View: 3416

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Strategies for Formulations Development: A Step-by-Step Guide Using JMP is based on the authors' significant practical experience partnering with scientists to develop strategies to accelerate the formulation (mixtures) development process. The authors not only explain the most important methods used to design and analyze formulation experiments, but they also present overall strategies to enhance both the efficiency and effectiveness of the development process. With this book you will be able to: Approach the development process from a strategic viewpoint with the overall end result in mind. Design screening experiments to identify components that are most important to the performance of the formulation. Design optimization experiments to identify the maximum response in the design space. Analyze both screening and optimization experiments using graphical and numerical methods. Optimize multiple criteria, such as the quality, cost, and performance of product formulations. Design and analyze formulation studies that involve both formulation components and process variables using methods that reduce the required experimentation by up to 50%. Linking dynamic graphics with powerful statistics, JMP helps construct a visually compelling narrative to interactively share findings that are coherent and actionable by colleagues and decision makers. Using this book, you can take advantage of computer generated experiment designs when classical designs do not suffice, given the physical and economic constraints of the experiential environment. Strategies for Formulations Development: A Step-by-Step Guide Using JMP(R) is unique because it provides formulation scientists with the essential information they need in order to successfully conduct formulation studies in the chemical, biotech, and pharmaceutical industries.

Statistics

A Guide to the Unknown

Author: Roxy Peck,George Casella

Publisher: Duxbury Press

ISBN: 9780534372828

Category: Mathematics

Page: 440

View: 8778

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STATISTICS: A GUIDE TO THE UNKNOWN offers a collection of intriguing essays that describe the important applications of statistics and probability. Instead of teaching methods, the essays illustrate past accomplishments and current uses of statistics and probability. Examples of surveys, questionnaires, experiments, and observational studies help you better understand the importance of and the influence of statistics.

Data Science for Business

What You Need to Know about Data Mining and Data-Analytic Thinking

Author: Foster Provost,Tom Fawcett

Publisher: "O'Reilly Media, Inc."

ISBN: 144937428X

Category: Computers

Page: 414

View: 9506

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Written by renowned data science experts Foster Provost and Tom Fawcett, Data Science for Business introduces the fundamental principles of data science, and walks you through the "data-analytic thinking" necessary for extracting useful knowledge and business value from the data you collect. This guide also helps you understand the many data-mining techniques in use today. Based on an MBA course Provost has taught at New York University over the past ten years, Data Science for Business provides examples of real-world business problems to illustrate these principles. You’ll not only learn how to improve communication between business stakeholders and data scientists, but also how participate intelligently in your company’s data science projects. You’ll also discover how to think data-analytically, and fully appreciate how data science methods can support business decision-making. Understand how data science fits in your organization—and how you can use it for competitive advantage Treat data as a business asset that requires careful investment if you’re to gain real value Approach business problems data-analytically, using the data-mining process to gather good data in the most appropriate way Learn general concepts for actually extracting knowledge from data Apply data science principles when interviewing data science job candidates

The Elements of Statistical Learning

Data Mining, Inference, and Prediction

Author: Trevor Hastie,Robert Tibshirani,Jerome Friedman

Publisher: Springer Science & Business Media

ISBN: 0387216065

Category: Mathematics

Page: 536

View: 2200

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During the past decade there has been an explosion in computation and information technology. With it have come vast amounts of data in a variety of fields such as medicine, biology, finance, and marketing. The challenge of understanding these data has led to the development of new tools in the field of statistics, and spawned new areas such as data mining, machine learning, and bioinformatics. Many of these tools have common underpinnings but are often expressed with different terminology. This book describes the important ideas in these areas in a common conceptual framework. While the approach is statistical, the emphasis is on concepts rather than mathematics. Many examples are given, with a liberal use of color graphics. It should be a valuable resource for statisticians and anyone interested in data mining in science or industry. The book’s coverage is broad, from supervised learning (prediction) to unsupervised learning. The many topics include neural networks, support vector machines, classification trees and boosting---the first comprehensive treatment of this topic in any book. This major new edition features many topics not covered in the original, including graphical models, random forests, ensemble methods, least angle regression & path algorithms for the lasso, non-negative matrix factorization, and spectral clustering. There is also a chapter on methods for “wide” data (p bigger than n), including multiple testing and false discovery rates. Trevor Hastie, Robert Tibshirani, and Jerome Friedman are professors of statistics at Stanford University. They are prominent researchers in this area: Hastie and Tibshirani developed generalized additive models and wrote a popular book of that title. Hastie co-developed much of the statistical modeling software and environment in R/S-PLUS and invented principal curves and surfaces. Tibshirani proposed the lasso and is co-author of the very successful An Introduction to the Bootstrap. Friedman is the co-inventor of many data-mining tools including CART, MARS, projection pursuit and gradient boosting.

Drive

The Surprising Truth About What Motivates Us

Author: Daniel H. Pink

Publisher: Penguin

ISBN: 9781101524381

Category: Business & Economics

Page: 272

View: 8596

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Forget everything you thought you knew about how to motivate people—at work, at school, at home. It's wrong. As Daniel H. Pink (author of To Sell Is Human: The Surprising Truth About Motivating Others) explains in his paradigm-shattering book Drive, the secret to high performance and satisfaction in today's world is the deeply human need to direct our own lives, to learn and create new things, and to do better by ourselves and our world. Drawing on four decades of scientific research on human motivation, Pink exposes the mismatch between what science knows and what business does—and how that affects every aspect of our lives. He demonstrates that while the old-fashioned carrot-and-stick approach worked successfully in the 20th century, it's precisely the wrong way to motivate people for today's challenges. In Drive, he reveals the three elements of true motivation: *Autonomy—the desire to direct our own lives *Mastery—the urge to get better and better at something that matters *Purpose—the yearning to do what we do in the service of something larger than ourselves Along the way, he takes us to companies that are enlisting new approaches to motivation and introduces us to the scientists and entrepreneurs who are pointing a bold way forward. Drive is bursting with big ideas—the rare book that will change how you think and transform how you live.