Pareto analysis is a technique used in statistics to analyze the relative importance of multiple factors influencing a particular outcome. It involves arranging the factors in descending order based on their contribution to the outcome, with the most significant factors at the top. This analysis helps to identify the key factors driving the outcome and […]

Disruptive Innovation Disruptive innovation is a process of creating a new technology or service that fundamentally changes the way an industry is structured. It often originates from outside of the existing industry, and seeks to challenge the established players and disrupt their dominant positions. Key Principles of Disruptive Innovation: Low-cost, low-value products: Disruptive innovations typically […]

Soft Skills Soft skills are interpersonal and intrapersonal abilities that enable an individual to interact effectively and navigate various situations. They are often referred to as “human skills” or “employability skills.” Key Soft Skills: 1. Communication:– Listening actively- Expressing clearly- Persuasive writing and speaking- Non-verbal communication 2. Teamwork:– Collaboration- Conflict resolution- Leadership- Adaptability 3. Problem-solving:– […]