GARY KAPANOWSKI: China’s manufacturing index falls for 6th straight month

China’s official manufacturing purchasing managers index, a gauge of the nation’s factory activity, fell to 49.4 in January from 49.7 a month ago, adding to signs of continued sluggishness in the world’s second largest economy. China’s official manufacturing purchasing managers index, a gauge of the nation’s factory activity, fell to 49.4 in January from 49.7 […]

GARY KAPANOWSKI: Bill Gates lists the best books he read in 2015

I’m always interested in learning. By reading and networking outside of your comfort zone, you can grow. Every year, Bill Gates communicates his reading list from the past year. This past year’s list is very intriguing. You might find this helpful and enlightening. “The Road to Character” by David Brooks; asks the question of when […]

GARY KAPANOWSKI: Amazon thinks it can beat Black Friday with ‘Prime Day’

The new question for customers is will you change your buying behavior on July 15th for Amazon Prime Day?  This is the rival for ‘Black Friday’ and ‘Cyber Monday’ along with other holiday shopping days.  As an outreach of Amazon’s 20th birthday, big discounts are available for subscribers to their ‘Prime’ membership.  Will this be […]

GARY KAPANOWSKI: The real reason college is so expensive

This is a great article explaining the main reason for the rise in the cost of college tuition.  Using practical problem solving techniques and economic theory, the main reason is the expanded access to money by the federal government to pay for school.  For every dollar available to a student in subsidized federal aid, the […]

GARY KAPANOWSKI: 5 lessons from the U.S. women’s World Cup win

In business, the closer we can be to the customer the better.  As a lean six sigma professional, this eliminates wastes (muda) and delights our customers by delivery services the customer is willing to pay.  The result from the US women’s world cup victory indicates some changes in the customer profile that was not expressed […]

GARY KAPANOWSKI: Where do you fit in against the 1% based on Census Bureau data?

Median household income has not recovered from the Financial Crisis based on the studies from the Census Bureau’s release of the Income and Poverty in the United States: 2013 and the Federal Reserve’s Survey of Consumer Finances.  Overall, poverty improved 2% from the last study in 2007.  Median family income reduced 8% from $56,436 to […]

GARY KAPANOWSKI: Which passports are the best (and worst) to have?

There is a service that advises individuals on passport citizen selection.  An index was computed with interesting results.  At the top of the list are the U.S. and the U.K., providing visa-free access to 147 countries.  This is mainly due to tourist dollars for the rest of the world.  The next group includes Germany, South […]

GARY KAPANOWSKI: Rich kids use the Internet to get ahead

As the great guitarist Eric Clapton says:  “It’s in the way that you use it”…. This perfectly summarizes this report regarding the culture based on economics, it really is surprising. Multiple studies gathering data from 1950+ indicate the use of technology and information is different across economic segments of the society.  The “Rich” utilize this […]

GARY KAPANOWSKI: Histograms and Collected Data Sets

In any Lean Six Sigma or general analysis, once data is collected the first thing any practitioner will do is to histogram the data:  I like to say “Histogram-it”.  This is statistics 101.  Everyone does it. The reason is simple; the charting of the data will reveal detail in a picture format that human minds […]

GARY KAPANOWSKI: Why the Financial Crisis Took Economists By Surprise

This article is an excerpt from Alan Greenspan’s latest book, “The Map and the Territory: Risk, Human Nature, and the Future of Forecasting”.  As Lean Six Sigma professionals, we also value data and statistical modeling to solve problems.  We need to realize as Greenspan indicates don’t discount the negative tail in your analysis or the […]