The Cost of Poorly Performing Processes – Need for Six Sigma
February 12, 2025
Types of Variables In the equation – Y = f(X), Y is the dependent variable and it is dependent on the variable X. In other words, when there is a change in value of X then value of Y will automatically change. The following are the characteristics of both types of variables: Y X Dependent […]
Business Process Improvement programs are an effective way of overhauling the business operations, of improving the efficiency, of bringing in change in the operations and lastly in enhancing the benchmark of the Business offering of the product or service to the Customer. In the fast changing business environment marked by technological advances, shortening lifecycle of […]
Introduction: What is IT Strategy and Why it is Important As the joke goes, A person who is sitting in front of a computer and not knowing what to do has been described as Intel Inside and Idiot Outside. Similarly, organizations that do not have an IT strategy in place are akin to clueless organizations […]
Managing Business operations in current times is a big challenge. Apart from having to keep looking at the bottom lines and market shares, the managements have another major are to be concerned about which is to continually keep assessing the risk to the business from all quarters and build Disaster Recovery plan in place. It […]
Why are we being blindsided by Black Swans ? Whether you are an individual or a decision maker in a big corporation, or a policymaker in charge of planning for nations, it is a fact that forecasting has become very difficult in the present times. Indeed, the fact that big businesses and nations alike are […]
Six Sigma has really become a management buzzword. A lot of people use it in very different contexts. As a result a variety of meanings have been conjured up for the very simple six sigma process. To simplify matters and to ensure that the readers have an accurate understanding of what the Six Sigma process is not, here is an article listing clearly the hypes and hyperboles that have been used to sell Six Sigma to many multi-billion dollar corporations.
Here are the most common fallacies pertaining to Six Sigma:
Six Sigma is consciously cultivated at various levels of the organization. There should be a planned program to ensure that the Six Sigma mindset is being passed on from manager to subordinate all the way till the shop floor. This is a time consuming process, however it is the only way to be successful.
Six Sigma is an internal initiative, consultants can be used to train a few people. However, it requires commitment from the senior management to ensure that the organization is adhering to a Six Sigma way of life. Many suave talking consultants have fooled corporations into paying millions. Beware!
Your email address will not be published. Required fields are marked *