The law on who may adopt in Pennsylvania is one of the least restrictive across the country. There’s no minimum or maximum age limit for anyone who wishes to adopt. Even minors may adopt in certain circumstances, which is common when they adopt a sibling.
There’s also no limit to marital status, as singles are allowed to adopt. A married couple who wants to adopt will need to do so together unless one party gives the other consent to adopt alone. Agencies who handle adoptions or even birth parents may also have their preferences.
Who May be Adopted
The law is also not restrictive as to who can be an adoptee in Pennsylvania. It means that both adults and children are adoptable.
Whose Consent is Needed
Generally, birth parents must consent to adoption by terminating their parental rights before a child can be eligible for adoption. A biological mother will have to wait 72 hours after birth to give such consent, signed by two witnesses. Biological fathers can give their consent at any time before the child is born.
However, certain circumstances may make a child eligible for adoption without parental consent. Such cases include when a court involuntarily terminate a parent’s rights due to abuse or lack of care. Additionally, adults who are eligible for adoption and children older than 12 must consent to their adoption.
Laws Regarding Birth Parent’s Expenses
It’s essential to note that it’s unlawful for an adoptive parent to pay for a birth parent’s living expenses. It’s also illegal to give gifts or exchange favors in exchange for the child. However, the law permits adoptive parents to pay for the following:
Medical and hospital expenses related to birth mothers prenatal care, birth care, and postnatal care.
Medical, hospital, and foster care expenses of the child before the issue of the adoption decree
An itemized account of the adoptive parent’s expenses will undergo a review in court. A judge will provide appropriate relief for expenses that are excessive or unnecessary. It would help if you discussed with family lawyers Norristown PA, before making any payments related to adopting a child.
Pre-placement and Post-placement Requirements
Before you can adopt a child in Pennsylvania, you must complete a pre-placement home study. It involves an assessment of your ability to provide a stable and nurturing home for the child. The home study will evaluate the family’s finances, medical histories, socio-cultural and religious background, criminal records, among other criteria.
After the child has been placed in your care, the home study process continues with post-placement assessments. These visits are to determine how well the child is adapting to the new home and any issues to be addressed.
It is important to have excellent business analytics to understand the basics of new markets and to get establish. With untouched and new markets opening for various businesses, you have great opportunity to establish new business or to expand your current business. It is considered as a quite broad term and while understanding this term, you would find that a number different analytics come under this category such as customer, risk, marketing and operations analytics.
Business analytics provides solutions which help to make strategic decision by collecting large amount of data. You would find that it does have not simple but complex data like profits, losses, transactions, marketing return, customer feedback etc. Usually business analytical software is used to generate these types of data. This is not a new term, though it has become more accurate and structured with time. People often need a proper structure to evaluate the huge amount of information and data available.
Business analytics helps you to get a deeper and better insight of any business by breaking down complex data. Apart from providing valuable insights, it also cut unnecessary costs, identifies areas to improvement and offers quality service to customers. By analysing the expectation and needs of customers, it offers solutions for you to fulfil these areas.
You would find business analytics to be closely related to competitor analysis and customer analytics. By building strategies, it helps to provides upper hand to you over your competitors. Information is supposed to be treated as an asset by organizations which ultimately lead to applying prescriptive, predictive and descriptive analytics. Nowadays, it has become even more crucial because business organizations are worried more about survival rather than profits.
By using a business analytical software people can use results in the best way by analysing information and gathering essential data. People are able to make highly focused and accurate decisions to help their business to succeed. They can make most out of their analysed and collected data. This type of software conducts effective data mining, enabling the collected information to be accurately put into different business models. It can be used in multiple tasks like various drafting strategies which can optimize and utilize marketing data.
Business analytics is quite crucial component helping to improve operational performance as organisations are supposed to deal with huge amount of data. Even small businesses with the help of analytics models can disparate data or use information to its full potential. Future trends of a business are predicted as these models generate trends and patterns using historical data.
For new and growing organisations, it is important to understand the expectations of the consumer. Analytics goes well beyond gathering data; its main job is to provide assistance to business organizations to make key decisions. You would figure out that business analytics is far more than using software tools, collecting data, creating reports and dashboards.
In today’s time majority of companies are getting attracted to use business analytics to make better decisions for its businesses. It is important to take analytics as an investment, rather than as an expense.
About Tepper’s Online M.S. in Business Analytics
The online Master of Science in Business Analytics (MSBA) from the Tepper School of Business at Carnegie Mellon University helps students to develop proficiency in the full range of state-of-the-art business analytics techniques. With a comprehensive curriculum that encompasses data visualization, machine learning and optimization, large-scale data management and more, graduates leave the program positioned for advancement in their careers.
Achieving a dental practice of your dreams starts with designing a viable dental business plan, one that vividly sets out the venture in its entirety. A dental practice is a full-time job, one that consists of many parts. For you to record success, there’s a need for careful planning. Adequate provisions have to be made for every aspect of the business, including management, human resources, marketing, finance, etc.
When preparing a dental business plan in San Diego, there’re some tips you should know that would guide you. Following them will ensure you come up with a reasonable and implementable plan.
1. Give an Overview of Your Dental Practice
This section is one of the first you should consider writing. You want to give the reader who might double as an investor a clear picture of what you’re trying to achieve. An overview of your practice will provide answers to questions bordering on the number of examination rooms you intend to have, the kind of oral health care services you’ll be offering, the number of patients you’ll attend to every day, etc.
The overview will also show an investor the key peculiarities that will set you apart from other dental practices within your vicinity.
2. Specifying the Marketing Strategies
Explaining your practice’s marketing strategies to boost sales and improve patient retention rate is highly essential in designing a dental business plan in San Diego. It gives an investor an idea of how you plan to handle the competition. Writing out your marketing strategies must start with a full analysis of competitors’ modus operandi and how you intend to counter them. You’ll discuss the many plans you intend to implement to boost returns with all your approaches stated explicitly.
3. Give a Detailed Explanation of Operations
This section is likely to be the longest and most important part of a dental business plan in San Diego. Here, you’ll discuss the planned day-to-day running of your practice. Some of the elements you’ll examine in this part include office hours, equipment, how you intend to handle patients, dental insurance you’ll allow, and those you won’t.
This part of the plan will give investors a clear picture of how your office will function, and you’ll manage your practice.
4. Spell Out Your Projected Income
Finance is an integral part of a business. It’s the fuel upon which the enterprise will run. In preparing your dental business plan, you should include information on how much income your proposed practice will generate over time. Here, you’ll give an estimate of the number of appointments you expect to have in a day and how that figure will expand as time goes.
Also, you’ll give an estimation of the profit you believe the business will generate after deducting operating and overhead costs. Doing these will enable you to get a projection of how and when you intend to pay back the investor.
Designing a dental business plan is an easy yet complicated task. It’s the first stage of building a professional practice that must be carefully and adequately prepared to foster easy implementation. Putting the tips examined above to use will ensure you develop the best and most realistic business plan.
A website is a collection of web pages with information regarding a particular subject. The days when you’ll have to walk into an establishment to make inquiries about a business and its activities are gone.
Today, thanks to technology, mobile phones and the advent of websites have made inquiry processes easy.
Having a website for your golf course business is an idea you’ll want to consider. It will go a long way in broadcasting the presence of your business.
Meanwhile, you wouldn’t want to have a website just because every other business has one. Whatever is worth doing at all is worth doing well.
Aim towards having a golf course website with impeccable features. A well-built golf website will convert visitors into customers and help you generate more revenue.
By now, you are probably wondering what features will make your website the best golf course website out there.
If you wish for your golf website to stand out amongst others, consider adding the following features to your business website:
A Mobile-Friendly User Interface
A large percentage of internet users make use of their smartphones. You’ll want to design a flexible golf course website that adapts to whatever device it is accessed with, be it a smartphone or a personal computer.
Imagine how annoying it would be to have to zoom in and out on the information on a website because it only supports desktop mode. You wouldn’t want your visitors to experience such.
People trying to find back pain doctors Hamilton NJ will often be concerned with a growing level of pain in their back that doesn’t show signs of getting better. As we will explore, there are many reasons that back pain can get worse. Below, the folks from Performance Pain have listed 5 common reasons that your back pain can get worse over time.
1. You Have Bad Posture
It is common for people who have a habitual bad posture to develop problems with back pain over time. If this bad posture is never quite corrected, the pain in your spine can get worse over time. There are also conditions like scoliosis which more or less force the person to be in a bad posture. People in this circumstance have a little more work to do to correct their posture.
2. You Don’t Exercise Enough
Not getting enough exercise is probably the most common reason that your back pain can get worse over time. Without exercise, our bodies will do little to become stronger and more physically fit. If you want to find a way to get your chronic pain in check, then you will need to learn how to do quality exercise consistently.
Having arthritis in your spine is pretty common as you start to get older. Although there is no definitive cure for arthritis, you can take various steps to slow it down. If you aren’t doing anything to stop your arthritis pain, it can naturally start to get worse over time to the point where you are uncomfortable and in worse pain than you remember having before.
4. Injuries & Trauma
One of the common reasons that you have back pain not getting better over time is probably due to a traumatic injury of some sort that may need professional attention. Many injuries simply need a little attention from a medical professional to help them heal naturally without surgery.
5. Another Form of Chronic Pain Condition
It is common for people seeking back pain doctors in Hamilton NJ that visit us here at Performance Pain to have some sort of chronic pain condition that is making their back pain worse over time. Sadly, many of these people are not even aware that they have a chronic pain condition. Without professional assistance, it will be difficult for any sort of chronic pain condition to heal on its own.
Ready to Get Professional Help for Your Back Pain?
If you have been searching around for back pain doctors in Hamilton NJ then be sure to consider coming in to see us here at Performance Pain. We have a free consultation so that you can sit down with our licensed professional and figure out exactly what is causing your back pain. We will also help you prepare steps that you can take to heal on your own naturally without resorting to surgery or heavy pain medication.
Geographic Information Science and Technology (GIST) includes a versatile range of tools and techniques for capturing, analyzing and leveraging spatial information. With each passing year, advances in Geographic Information Systems (GIS) reveal exciting possibilities for urban planning, retail, space exploration, and more. In 2020, experts make the most of these opportunities by staying up to date as new ways of optimizing and employing GIS technology emerge.
By implementing robust GIS software applications, professionals can capture and visualize valuable geospatial intelligence. That’s why it’s vital for GIST experts to possess the combination of theoretical knowledge and hands-on training that comes from attending a forward-looking professional GIS certification program online. Here are some of the ways GIS technology is used to meet complex challenges, including a preview of some of the fascinating changes ahead:
Open Source GIS Mapping Software Empowers Innovation
Open-source GIS mapping software gives users access to powerful tools for creating maps and adding elements such as text, images and video. Particularly in conjunction with initiatives such as OpenStreetMap or the Open Geospatial Data Project, these applications offer endless possibilities for collecting and visualizing spatial information and customizing maps. Users create projects to:
Chart crop growth and capture any evidence of disease
Demonstrate how changes in environmental conditions affect the preservation of a historical site
The flexibility to assemble maps for diverse purposes has a growing impact in daily life, influencing progress in smart city infrastructure. With extensive locational data, government agencies and private businesses can deliver services more efficiently and strategize sustainable development. Customized maps may be applied to augmented reality projects that provide workers with helpful details tied to a specific location.
Meanwhile, open-source mapping has a huge role in the burgeoning world of navigation systems and automated vehicles. When setting routes, these systems account for a widening range of factors, such as traffic conditions updated in real time and individual preferences. GIS is essential to improving performance in self-driving cars and guiding drivers to their destinations as quickly, comfortably and safely as possible.
Fresh Insights from Geospatial Analytics
The rise of big data and analytics has been one of the most significant shifts for businesses over recent years. Across industries, organizations are constantly seeking chances to turn an ever-increasing volume of data into a competitive edge, and many have found that GIST adds value to these efforts. Geospatial analytics applies geographic information to enable wiser decision-making and agile problem solving.
With GIS data, analytics specialists can create visualizations, identify meaningful trends and make predictions, generating reports that flesh out valuable context for strategy. Decision-makers gain increased visibility from synthesizing spatial information with findings from enterprise resource planning (ERP) systems. They can clearly see how crucial data about their organizations is attached to specific times and places.
Make more informed choices about building or expanding facilities and stores
Track when devices and equipment with Internet of Things (IoT) sensors enter or leave a work area
Create apps for retail customers that enrich their in-store experiences (e.g. retail beacon technology)
Speed up logistics and reduce costs by running various routing scenarios
Find patterns of criminal activity within a region
Minimize risks from hazardous location-based events like powerful storms
Bringing Together GIS and Drones
Organizations and consumers employ unmanned aerial vehicles (UAVs) for an ever-expanding list of applications, from entertainment to agriculture, often relying on navigation supported by GIS. For instance, experiments with making deliveries by drone have unlocked possibilities for getting food and other products to customers with unprecedented speed. Other companies are deploying the aircraft to collect information from IoT sensors that monitor industrial sites, hazardous travel conditions, volatile weather patterns or the wellbeing of crops and send real-time updates.
Meanwhile, drones also improve the information that is available for mapping and manipulation with GIS tools. A great deal of spatial data comes from satellite imagery and readings taken by manned aircraft, but drones are a cost-effective means of gathering extensive details on a smaller scale. UAVs thus have a major role to play in making geographic information more readily available for open-source mapping and customizable to fit the priorities of businesses, governments, independent researchers and hobbyists.
What’s Next for GIST?
For professionals with expertise in spatial technology and problem solving, the future looks rich in possibilities. In the years ahead, GIST will likely become an even more prevalent aspect of our daily lives, thanks in large part to the widespread adoption of smart technology and the IoT. As sensors capable of sharing spatial-temporal information appear everywhere from industrial equipment to coffeemakers, the volume of spatial data will grow exponentially.
Meanwhile, consumers and businesses will demand greater functionality and integration from spatial software applications. Ride sharing services and navigation apps have shown the public the power of apps that work with GPS and mapping platforms to give them real-time updates. These types of features could have growing uses for enterprises and governments as well when harnessed for purposes such as tracking assets and growing the reach of marketing campaigns.
The proliferation of spatial data and market for software means organizations will have a mounting need for professionals familiar with every layer of the GIS Technology stack. Data specialists will need to optimize their processes for collecting, cleaning and formatting spatial information. GIS software developers must also understand the full scope of the data resources they have available for creating spatial-powered apps to put that information to work.
ETS Risk Management provides secure transportation and protective security services to a wide range of clients traveling to Lagos, Abuja, and throughout Nigeria. Our local experienced protective security team and security drivers in Nigeria have been supporting ETS for over 8 years. We offer Executive protection and armed security support for secure airport transfers and business travel security.
ETS provides travel risk management and security solutions to a range
of visitors and business travelers to Lagos and Abuja and the
surrounding regions, including business travelers, the energy sector,
and NGOs. Our central hub of operations is in Lagos and Abuja, but our
capabilities span across the country to include Port Harcourt in the
south of the region.
Secure Airport Transfers in Lagos and Abuja
ETS can support all airport transfers with local security drivers and executive protection teams. We facilitate security airport transfers for a range of clients and are preferred suppliers to a number of Fortune 500 clients. Our security drivers and close protection officers provide a low-profile meet and greet service and enable secure movement to/from airport and hotels.
Our secure transportation network has a catalogue of non-armored
SUVs, high-grade armored vehicles and security drivers to suit the
requirement. Our team of local protective specialists include highly
experienced and vetted close protection officers; their knowledge of
security, logistics, emergency first aid, and understanding of local
cultures ensures client operations are deployed securely and effectively
at all times.
Secure airport transfers and secure transportation in Abuja, Lagos and Port Harcourt can be booked online if preferred. Please visit ExecSecure or alternatively, if you would prefer to speak to one of our team, contact us.
Armed Security Escorts in Nigeria
For Armed security in Nigeria it is legally mandated to use MOPOL. Click here to learn more about the use of MOPOL for armed security in Nigeria.
ETS operates in conjunction with MOPOL throughout Nigeria to provide an armed security capability for our clients. We provide the security driver and CPOs and direct the police while on our missions. It is important to note that ETS will never have the client based within the same vehicle as the MOPOL. The MOPOL is an armed back up for traveling during the evening hours or when moving through remote locations. An ETS close protection officer will travel with the security driver and client vehicle at all times.
Armed or unarmed protection (dependent on risk and requirement)
Site Security Survey
ETS Security and Secure Transportation in Nigeria
We are the trusted provider of Secure transportation to a range of
Fortune 10, 100 and 500 companies in Nigeria. By utilizing our local
team of security specialists, you will be reducing your exposure to the
potential risks that inhabit daily life within the region. Travel
executives are at greatest risk when in transit. ETS can draw from local
knowledge and intelligence to assess changing situations and react
accordingly. Our Nigerian team are highly qualified and experienced
protectors. All of which have extended time served in the security
industry and often multiple years’ experience from military and special
forces operations, law enforcement and high-risk private-sector
Please read our case studies to learn more about ETS in Nigeria. coming soon
Nigeria Security Overview
There is considerable instability in many regions within Nigeria and
an increased risk of terrorist attacks. Most attacks occur in the
Northeast, but attacks could happen anywhere. Major urban centers
remain, particularly at risk. Attacks have taken place around religious
and public holidays in public or crowded places, including places of
There is a high threat of kidnap throughout Nigeria. Recent terrorist
kidnaps have occurred mostly in northern Nigeria but could happen
anywhere in the region. Kidnaps can be for financial or political gain
and can be motivated by criminality or terrorism. Violent crime is
Road travel across Nigeria can be unpredictable and dangerous. Authorized and unauthorized vehicle checkpoints are situated on major roads and throughout the region. Humanitarian workers have been targeted in recent years by criminals operating the checkpoints. If you are unfamiliar with the environment, it is unlikely you will recognize which is a legitimate security control and which is for crime.
Road conditions in Nigeria are poor, and potholes are prolific. Road Traffic Collisions (RTCs) are frequent, and fatality rates are high due to the inadequate and crumbling state of roads. Major road transport with high volumes of vehicle travel present a dangerous threat to travelers from criminals operating in the area. Common crimes include accessing vehicles when traffic is forced to slow down, or if your vehicle has stopped in heavy traffic. Criminals are known to steal valuables and armed violence cannot be ruled out.
Public transport is dangerous and should be avoided at all times. Vehicles are poorly maintained, and drivers are unqualified. Strongly consider secure transportation Nigeria when transiting in Lagos and throughout Nigeria. A non-armoured SUV accompanied by a security driver and close protection officer will reduce the risk of being involved in dangerous or threatening situations. If traveling outside of Lagos or during the evenings, MOPOL are advised to travel in convoy at all times.
“The students’ interaction with their faculty and their classmates via weekly video conferences creates a valuable learning experience, as well as a strong sense of community,” said Patricia Hughes Mills, J.D., L.L.M., Vice Dean of Online Learning and Executive Education, Marshall School of Business.
“In addition to an on-campus week at the beginning of the program where students meet and work with their cohort and team members face-to-face, weekly synchronous video meetings enhance consistent student engagement throughout the program. Our award-winning production of online materials coupled with the ongoing interaction with faculty and classmates ensures that we deliver the highest quality Marshall Education.”
The U.S. News rankings are based on the following five
Excellence (25 percent)
Opinion (25 percent)
Credentials and Training (11 percent)
Services and Technologies (11 percent)
USC’s comprehensive online MBA program was built with the future of business in mind. Each course in the OMBA program was designed by USC Marshall faculty members, specifically for online learners, with coursework that is relevant to current and aspiring business leaders.
“As an online MBA student you become a member of the Trojan
family,” said Brittany Hawkins, Associate Director, Online MBA Program,
Marshall School of Business. ”With over 300,000 alumni worldwide, your
connection with USC does not cease upon graduation. Instead you are part of an
even greater lifelong and worldwide community that can only enhance your future
The program also provides students with skills applicable to forward-thinking leaders and executives, like managing remote employees on long-distance teams, or utilizing entrepreneurial thinking to drive business growth. USC’s online MBA has been built to facilitate camaraderie and collaboration, enabling students to build meaningful, professional connections that extend beyond graduation.
USC Marshall School of Business alumni have found success in business ventures across the globe. The Trojan alumni network is 390K members strong, including 88K from USC Marshall, giving OMBA students access to an abundance of networking opportunities and other resources.
“The USC Marshall Online MBA program attracts accomplished working professionals who need online flexibility; we are impressed year after year by the quality of our students, their passion for business, their commitment to learning, and their diverse perspectives,” said Sandra Chrystal, Marshall vice dean for online education. “It is very gratifying to provide them with an advanced business education that is personalized, experiential, innovative, and rigorous.”
The OMBA, launched in 2015, has quickly risen to the top of an increasingly competitive online degree market. The number of business schools offering online MBA programs rose from 91 to 140 between 2012 and 2017, according to accreditation body AACSB International.
Marshall built its online MBA to take full advantage of the
latest technological learning tools, providing students not only with an
exceptionally engaging online learning experience, but also with practical
skills in virtual communication and analytics. Program leaders consulted
closely with business leaders to ensure the curriculum prepares students for
the challenges ahead in an increasingly global and digitally driven business
Faculty members continually update coursework, introducing
new knowledge, collaboration tools, and learning experiences. Students enjoy
direct access to teachers and commonly form close bonds with their online
classmates, beginning during their residential week and continuing throughout
“Camaraderie has been a common theme since the program’s
inception,” said Miriam Burgos, OMBA academic director and associate professor
of clinical marketing. “Each student brings their own area of expertise to
their cohort and leverages their strengths to help their fellow classmates
Networking is another central component of the OMBA, and distance learners become full-fledged members of the Trojan Family, which is more than 412,000 members strong and includes 89,000 Marshall alumni in 90+ countries.
About the USC Marshall School of Business
USC Marshall is one of the premier business schools in the U.S. and internationally recognized as a home for path-breaking research that emphasizes entrepreneurship, innovation, leadership and social responsibility. The USC Online MBA from the Marshall School of Business is built to help students succeed in the digitally driven business landscape, providing a curriculum focused on the practical skills expected of today’s global leaders. Marshall brings undergraduate and graduate students a unique perspective on the world, including global opportunities for experiential learning. The vibrant and active Trojan alumni community includes more than 89,000 people in 92 countries.
Consistently ranked among the nation’s premier schools, USC Marshall is internationally recognized for its emphasis on entrepreneurship and innovation, leadership, social responsibility and path-breaking research. Located in the heart of Los Angeles, one of the world’s leading business centers and the U.S. gateway to the Pacific Rim, Marshall offers its 5,700-plus undergraduate and graduate students a unique world view and impressive global experiential opportunities.
The international financial environment is more
interconnected than ever, with the effects of unstable or inconsistent monetary
policies being felt far beyond a single organization. In today’s globalized
economy, policy and operational problems in one country’s financial
organizations can have severe economic consequences across the world.
As these ripple effects become more and more noticeable, the ability to critically analyze and improve processes across an organization is an increasingly valuable career skill. While management techniques like Lean Six Sigma (LSS) have roots in manufacturing, there are numerous applications for LSS in finance and accounting that can help to correct operational inefficiencies and minimize risk across an organization.
Benefits of Six Sigma in Finance and Accounting
Applying the principles of Lean Six Sigma in finance and accounting can create competitive advantages for organizations in nearly every industry.
The case studies highlighted below offer a detailed look into
how these methodologies and tools can be used to do more than streamline
operations—they can also improve organization-wide culture.
Examples of Six Sigma in Finance
Lean Six Sigma allows for more focused and efficient
operations in departments that are not entirely focused on manufacturing. One
particular case study that focused on billing reconciliation found that billing
errors resulted in customer accounts being charged less than the amount due
approximately 60% of the time. After implementing LSS, however, the
organization nearly eliminated this issue completely.
One of the strengths of LSS is that it uses quantitative
methods to identify key points of impact (KPI). Once efficiency issues within
these KPIs have been identified, LSS can be used to discreetly and specifically
tackle those problems.
One of the essential tools in LSS for identifying KPIs and
any associated issues is the process map. By defining the boundaries and needs
of the current process, professionals can identify issues with existing
procedures and use these findings to improve them or remove processes that
aren’t generating value.
This is a key element of LSS and is referred to as the
“DMAIC” or Define, Measure, Analyze, Improve, Control methodology. Pairing
DMAIC with these LSS strategies offers a powerful way to objectively analyze
and improve operations within an organization.
When applying Lean Six Sigma in accounting, for example, the Accounts Payable department is a key area of opportunity. Imagine a company needs to process a higher volume of invoices. They can use LSS to define the guidelines for successfully processing a completed invoice, measure the current success rate based on those guidelines and analyze the data gathered to identify where and how waste is occuring. The results may show that while the invoices are completed in a timely manner, the wait time for managers to approve payments is too long. Once a bottleneck has been identified, the approval process can be improved to control the future success of the process.
For a similar application of Lean Six Sigma in finance, the
processes associated with loans are key opportunities. For example, a bank that
wants to streamline its credit processing operations can start by tracking
every loan it processes for three months. The important factors to consider for
this exercise are the time and effort required to fully process credit.
High variance in the amount of time it takes to complete these tasks is a sign that efficiency improvements can be made. From there, LSS can be used to build a process map that identifies all the steps, as well as the relationships between them. Common areas for improvement related to loan processing include reducing the amount of manually processed data and standardizing how loan applicant data is collected and stored.
Lean Six Sigma is designed to be a continuous improvement system, so training in LSS continues to be useful well past its initial introduction. By implementing the DMADV (Define, Measure, Analyze, Design, Verify) process, organizations are able to apply it to the creation of new workflows and processes in addition to improving existing ones.
While the initial application of the methodology often focuses directly on specific product and process improvements, companies such as Capital One have found that applying lean six sigma in banking yields results that go far beyond their day-to-day work.
Studies that have looked at the long-term effects of applying Lean Six Sigma in large companies have found improvements across many areas of business. For example, throughout Capital One’s restructuring, one study identified the following LSS-driven benefits:
in the rate of keying-in errors
in customer satisfaction
employee buy-in for LSS tools such as DMAIC
The Key to Successfully Using Lean
Six Sigma in Finance
While Lean Six Sigma offers a powerful framework for
improvement, effectively leveraging tools like process mapping often requires a
culture shift in the organizations that adopt them. One of the key traits of
successfully leveraging Lean Six Sigma in finance and accounting is the ability
to step back and look at existing processes objectively to recognize that, even
if a process has existed for decades, it may not be the most efficient way of
Another key element to success is recognizing how internal
department processes may impact other stakeholders throughout and outside of an
organization. For example, inefficiencies in processing invoices could make it
more difficult for other departments to work with external vendors.
For processes with far-reaching ripple effects, like those in finance and accounting, it is helpful to have a Lean Six Sigma Green Belt certification professional to lead the project. This can ensure that key stakeholders are aligned toward a common goal and that teams can effectively manage the complexity of large-scale or company-wide process change.
Career Benefits of Learning Lean Six Sigma
As research has shown, the application of six sigma in
finance provides benefits when managing existing processes as well as when
pursuing innovation. The methodology has expanded far outside of the
manufacturing sector and is now used across virtually every industry.
Developing expertise in six sigma for both finance and accounting environments can help aspiring or current managers take their careers to the next level. PayScale shows the average salary for a Continuous Improvement Manager with a Black Belt Lean Six Sigma Certification is more than $93,000, compared to a salary of less than $83,000 for that role overall.
About Purdue’s Online Lean Six
Sigma (LSS) Certificate Program
Purdue University offers comprehensive online Lean Six Sigma (LSS) certificate programs designed for working professionals with varying levels of Lean Six Sigma experience. The online Lean Six Sigma certificate courses prepare professionals to satisfy the immense demand for Lean expertise, skills and certification.
Earning an MBA remains one of the most direct ways to advance a business career. From increased earning potential to networking opportunities offered by class cohorts and alumni networks, the value of an MBA in today’s business market is well-documented.
MBA Return on Investment (ROI)
A 2016 study by the Graduate Management Admission Council reports that professionals who hold a graduate degree in business earn from $500,000 to $1 million more over a 20-year career than do their colleagues without MBAs or advanced business degrees.
Nevertheless, some people may ask: With the proliferation of both MBA programs and MBA degree holders, is an MBA still worth it in 2017? Reputation matters, according to U.S. News & World Report. Though employers may no longer view an MBA as a distinguishing factor, they recognize that a top-tier MBA program provides an up-to-date and relevant curriculum that prepares students for today’s business challenges.
Career Paths and Opportunities Available to MBA Graduates
There are many high-demand positions and no prescribed career
paths for MBA graduates. Since having an MBA can help set the stage for
advancement into a management position for professionals from accountants to
engineers, career opportunities for an MBA graduate are highly diverse and
What Kind of MBA Program is Right for Me?
The most pressing question for people considering an MBA may be: What’s the best way for me to earn one? Today, there are a variety of programs and formats from which to choose, which helps prospective students determine how to maximize their return on investment on an MBA and find the optimal fit.
Part-time MBA programs are a good option for students who
must continue working or balance multiple obligations. Since part-time students
enroll in fewer courses than do full-time students, they may spend just a few
hours each week in the classroom. Part-time programs offer more flexibility
than full-time programs but take longer to finish, typically three years.
Top schools commonly design their full-time MBA programs to
be immersive educational experiences that demand a significant time commitment
each week. Most students take a full course load, making it difficult to
simultaneously hold a full-time job. These MBA programs often are the fastest
track to earning an MBA.
These programs are geared to professionals with more than 10 years of experience, who are looking to move into executive leadership positions. Executive MBA (EMBA) programs focus on the challenges of high-level administration for an entire organization and usually offer few or no opportunities for specialization. Students in these programs may be given the opportunity to complete a portion of the coursework online.
Earning an MBA online provides students with both flexibility
and an opportunity to earn their MBA in less time than it typically takes to
complete a part-time MBA program. Advances in online learning and virtual
collaboration technology enable schools to provide students with an engaging,
interactive, state-of-the-art online learning experience. In programs that
employ a cohort model, this technology can pave the way for seamless
collaboration with classmates from all over the country and the world.
Choosing an Online MBA Program
Beyond Quantifiable Benefits
Numbers aside, there are distinct advantages with financial implications to obtaining an online MBA at USC Marshall, beginning with the quality of our education and reputation. Additionally, the online format empowers individuals to pursue an intensive, comprehensive business education without giving up their current positions and salaries or incurring the expenses and disruptions of relocation.
Why Choose USC Marshall?
The USC Online MBA (OMBA) from the Marshall School of Business is an innovative program that capitalizes on the potential of the online format and welcomes students into the greater Trojan Family that is more than 380,000 members strong. The OMBA holds a top 5 percent ranking from U.S. News & World Report, tying for 12th place overall and earning 2nd place for selectivity among more than 250 participants in the 2017 Best Online MBA Programs ranking.
Benefit from a curriculum developed specifically for online
The USC Online MBA program takes advantage of a full range of media and technological learning tools to give online students a distinctive educational experience. Every course is designed top-to-bottom specifically for an online learning format and led by several members of the Marshall faculty. Interactive lectures, faculty-led discussion modules, and the latest virtual collaboration technology provide an engaging experience to students, wherever they live or study. Though the curricula for the online and on-campus MBA programs are different, USC confers the same MBA degree to graduates of both programs.
Connect with your cohort
Students benefit from a cohort format that offers numerous opportunities to connect with classmates from a diverse array of professional backgrounds. The program begins with a best-in-class residential week on-campus in Los Angeles, during which students form strong bonds with program faculty and each other. This experience sets the stage for successful, collaborative online learning throughout the program, as well as lifelong friendships.
Learn from leaders
Courses are designed and taught by the same innovators and bold thinkers who teach our on-campus programs. Students easily interact and connect with faculty members through online collaboration and discussion tools. They also can schedule one-on-one faculty sessions via webcam.
Complete real-world business cases
Students develop strong problem-solving skills by engaging in contemporary, practical exercises and timely real-word discussions. The integrated MBA curriculum also provides a holistic understanding of how organizations work. Graduates exit the program with an e-portfolio highlighting the work they have completed as a student—a valuable resource for future professional opportunities.
Gain in-demand skills
Students acquire skills that are expected of global leaders
in today’s digitally driven business landscape and can give them an edge in a
competitive job market. These skills include:
like an entrepreneur to drive business growth
with international team members and external stakeholders
and acting on digital analytics and metrics
remote employees and other long-distance teams
a global perspective
social media to strengthen brands
About the USC Marshall School of Business
USC Marshall is one of the premier business schools in the U.S. and internationally recognized as a home for path-breaking research that emphasizes entrepreneurship, innovation, leadership and social responsibility.
The USC Online MBA from the Marshall School of Business is built to help students succeed in the digitally driven business landscape, providing a curriculum focused on the practical skills expected of today’s global leaders. Located in the heart of Los Angeles, Marshall brings undergraduate and graduate students a unique perspective on the world, including global opportunities for experiential learning. The vibrant and active Trojan alumni community includes more than 89,000 people in 92 countries.
Call (877) 779-6643, In order know more about this program and to get benefit.
Quality Outreach Linkbuilding | What Is Guest Blogging in SEO? A Guide for Beginners