| |
| |
|
Management Information |
|
|
|
What is Six Sigma?
Six Sigma is a highly disciplined process focused on satisfying customers by delivering nearly perfect products and services. In today's competitive market, consistently maintaining satisfied customers is essential to growth and success. Major corporations such as GE, Motorola, Honeywell and Ford, have demonstrated significant savings and increased profits by implementing Six Sigma processes in their business. The Six Sigma process gets its name from the way it measures perfection - the absence of defects in the products and services. A defect is failing to deliver what the customer wants. Here is a sample of Six Sigma metrics: One Sigma: 690,000 defects per million opportunities Two Sigma: 308,733 defects per million opportunities Three Sigma: 66,803 defects per million opportunities 3.5 Sigma: Average level of perfection - around 30,000 defects per million opportunities Six Sigma: 3.4 defects per million opportunities Difference between Two & Six Sigma: 25 misspelled words per page in a book vs. 1 misspelled word in all the books of a small library Six Sigma is not a "get rich quick" methodology. Instead, Six Sigma is a way to get rich by performing properly and consistently. Realistically, a company shouldn't expect more than a breakeven the first year of implementation. The bigger profits follow with consistently following the improved processes. The structured problem-solving methodology follows the DMAIC process that includes these steps: Define the project goals & customer deliverables Six Sigma training is ideal for program managers, project managers, operations managers, business unit managers, engineers, customer service, or anyone that wants to improve their business. The training prepares you to · Work with and understand customer requirements · Enhance the capability of processes to exceed customer expectations · Identify projects and select project team members · Work with sponsors to develop a Six Sigma deployment strategy · Act as an internal consultant · Lead Six Sigma projects · Train/mentor/coach project teams · Act as a catalyst for process improvement and best practices · Provide teams with ongoing support and leadership · Report and effectively communicate to project sponsor · Provide feedback to management· Copyright by The Rothschild Corporation, 2005. Susanne Rothschild Management / Organizational Consultant with extensive domestic and international experience in strategic human performance consulting helping organizations realize bottom line results aligned with business objectives.
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
Effective Email Communication Email, when used properly, can generate additional direct sales and leads; can be used as a tool to communicate with your existing client base to let them know of upcoming events which may affect them; and as a means of ongoing promotion for your business.The following is a list of simple guidelines and tips that will help you become an effective email communicator. How To Decrease Profits Without Really Trying Hurting your sales efforts can be accomplished easily with the proper guidance. The following effective yet simple ideas are designed to generate results when implemented into your sales strategy. Why We Judge Judgment is the process of forming an opinion of something by making a comparison. While judgment can play an important role in decisions we must make to live productively, sometimes the thoughts we hold are what prevent us from having what we most desire. 13 Comments on Bad Meetings Bad meetings are a cultural malady that senior executives pass on to new employees.Long pointless meetings are useful in that they keep incompetent people from interfering with those who are working. Goodwill is an Intangible Asset 'Goodwill' is regarded as an intangible asset in a business. Goodwill carries a value over and above the tangible assets of a business, and representing all benefits derived from the distinctive location, trade and brand names, credit rating, reputation, cusotmers and patronage of the business. Is It Worth To Outsource? How One Can Outsource Wisely Recent trends in software development market show that it is no longer the most efficient way to work onshore. Competition is too high and in some particular cases, US or European IT people even go farming rather than admit the situation and adapt themselves. The Narcissist in the Workplace To a narcissist-employer, the members of his "staff" are Secondary Sources of Narcissistic Supply. Their role is to accumulate the supply (in human speak, remember events that support the grandiose self-image of the narcissist) and to regulate the Narcissistic Supply of the narcissist during dry spells (simply put, to adulate, adore, admire, agree, provide attention and approval and so on or, in other words, be an audience). 3 Keys to Being a Fearless Executive In my work with business executives, I have come to the conclusion that most individuals in positions of influence got there accidentally. This may sound harsh to those of you in the business world reading this article, but the truth CAN be harsh, much like the medicine our mothers gave us as young children. Think Before You Talk What you say to other people can make or break you and it can happen without you even knowing about it. That old saying "loose lips sink ships" is oh so true in business. The Boss Didn't Understand Why His Staff Wasn't Reading His Mind Many people believe that everyone sees the world exactly the same way as they do. This is never true and was the source of much turmoil in Dr. Tales from the Corporate Frontlines: The Best Incentives are Free This article relates to the Recognition competency, commonly evaluated in employee satisfaction surveys. It tells the story of how the performance of one team was affected when the powerful motivator of daily praise and recognition disappeared. Change Management "It is not the strongest species that survives, nor the most intelligent, but the most responsive to change". -Charles DarwinThe world today is changing faster than ever before. 50 Great Ways to Motivate and Not Break the Bank Quick, Easy, and Even Fun! 1. Smile, say "Hi! How are you doing today?"2. The 3rd Plan Missing from your Business If you're like most people, you probably started with wonderful ideas of fulfilling your dreams, to be successful and to take charge of your own destiny.I hope you have achieved those or are well on your way. How To Jump Start Your Profits and Keep Your Profits Rolling There are so many ways to jump start your prifits and keep your profit rolling. These top 20 ways are essential if you want to run a successful business. The Truth About Performance Reviews Now that it is January, many of you are putting together, or have just finished putting together your annual Performance Appraisals for your staff. Feedback on performance is certainly one of the most critical aspects of personnel development and one that deserves to be taken very seriously. Difficult Staff - It Pays To Get To Know Them Better It's very easy for a business owner or manager to fall into the trap of condemning one of their team as a no-hoper or a problem child.It may turn out that this person shouldn't be on your team however as Abraham Lincoln once said about someone he had a problem with - "I don't think I like that man, I must get to know him better. Organisation Tips For The Mobile Executive Despite the fact that everyone sighs "How glamorous!", the life of the business traveller can actually be hell! Fighting international datelines, jetlag, airline food, hotel pillows filled with rocks, and the constant packing can turn an efficient, organised corporate commando into a bumbling mess.The situation can be similar for those whose car has to occasionally transform into a mobile office. Performance Appraisal Checklist: Raise Not Just Appraise Performance It's that time again! Perhaps the most dreaded management practice is the annual performance review. Whenever the subject comes up, out comes the groans from both managers and staff no matter what industry or type of company. Business Innovation - the Value of Structure Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are other useful definitions in this field, for example, creativity can be defined as consisting of a number of ideas, a number of diverse ideas and a number of novel ideas.
|
| home | site map |
| © 2006 |
