The Six Sigma Dilemma
Ever since its roots in the 1980s, the Six Sigma principle has been adopted by several companies across different industrial pursuits. However, the concept of Six Sigma is still alien to many parts of the world. In an article published on September 28, Fastcompany.com explains the concept of Six Sigma, and its application in different sectors of entrepreneurial activity.
Essentially, Six Sigma is a set of processes that help analyze problem areas in a business process, and then identifies the root cause of those problem areas. The principle has been adopted by several leading companies in the world, including Sony, DuPont, and Merrill Lynch. According to the article published on Fastcompany.com, while there are merits in the implementation of Six Sigma principles, it is not necessary that success can come only through such implementation. Fastcompany.com reports:
No one disputes the worthiness of Six Sigma’s intentions, much less the statistics. But a quick survey of a handful of industries, using product-quality ratings from J.D. Power and Associates, led CDU to believe that while Welch may be right that you can’t afford not to understand Six Sigma, you can’t necessarily afford to use it, either.
Read More: Six Sigma Stigma
Did you enjoy this post?