IEEN 5303 Six Sigma and ISO Standards Summer 2014 Midterm Exam Name________________________________Score_________________________ I. True or False: Place T or F in the space provided to the left of the statement. (10 questions‚ 1 point each‚ total 10 points) ______ 1. The major changes in the new standards are the increased focus on commitment from top management‚ customer satisfaction‚ emphasis on processes‚ and continual improvement. ______ 2. ISO 9000’s evolution has steered it away
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Like its predecessors‚ Six Sigma doctrine asserts that: Continuous efforts to achieve stable and predictable process results (i.e.‚ reduce process variation) are of vital importance to business success. Manufacturing and business processes have characteristics that can be measured‚ analyzed‚ controlled and improved. Achieving sustained quality improvement requires commitment from the entire organization‚ particularly from top-level management. Features that set Six Sigma apart from previous quality
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SIX SIGMA ONE CANNOT MANAGE TOMORROW’S BUSINESS WITH YEATERDAY’S METHODS. INTRODUCTION: Six sigma is the result of culmination of quality concepts. However dramatic process improvement is the goal of six sigma. Six sigma is an innovative approach to continuous process improvement and a TQM methodology. DEFINITON OF SIX SIGMA Six sigma can be defined as “a business process that allows organizations to drastically improve their bottom line by designing and monitoring every day business activities
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Every summer I go on adventures with my family and friends to have a fun time. Six Flags is my favorite place to‚ because it’s filled with fun and excitement. I get the season pass every summer to go when I want and as many times I want. The roller coasters‚ games‚ and food is what I like the most about Six Flags. The first best thing I enjoy about Six Flags is their roller coasters. I remember the first time I went I was scared but thrilled to get on the rides. As I walked towards the black gates
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Birmingham Six The Birmingham Six was a group of six individuals who were in the wrong place at the wrong time. The six men were from Northern Ireland and had lived in Birmingham since the 1960s. Five of them had left‚ apparently intoxicated‚ to the Birmingham New Street train station for Belfast on November 21st 1974‚ the night the Tavern in the Town and Mulberry Bush pubs were bombed. It was within six minutes when two pubs had blown up. These men were traveling to attend a funeral of their childhood
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Pocknee and Taylor’s (1996)‚ explains the strategy making process via ESC model. Fig 1.1 shows the ESC (Environment‚ Strategy & Capabilities) model to describe the strategy making process for an organization. Strategies are made keeping a number of factors in consideration. Environment stands for Macro and industry based environment and factors that effect the operation of an organization. Environment is discussed more in detail in later part of this report. Business strategies are made considering
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1-pepsico External Environment Consumers today are not as much joyous to cola products as they were before. Age and ethnicity are two main characteristics that affect consumer preference for soft drinks and alternative beverages. With age‚ health concerns become more of a factor when choosing a beverage. To illustrate‚ some studies show that cola products or soft drink in general may cause kidney stones and other related diseases. In contrast to older consumers‚ younger consumers—particularly
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in Strategic Management Chapter 3: The External Assessment Submitted by: Stephanie Rose Capule Melody Ferrer Divine Grace Jasa Claudine Martinez Wendy Pangilinan Mark Angelo Santiago Julma Tumibay Mktg 4-2 Submitted to: Mr. Jamilton Esguerra Chapter Objectives: After studying this chapter‚ you should be able to do the following: 1. Describe how to conduct an external strategic-management audit. 2. Discuss 10 major external forces that affect organizations: economic
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%XUHDXIRU6WXGHQW&RXQVHOOLQJ &DUHHU’HYHORSPHQW 6WXG\VNLOOVSDPSKOHWV 0\PHPRU\FDQ‚LPSURYHLW" While doing your assignment or writing examinations at Unisa‚ you have probably found that you are expected to do quite a number of things with your academic texts. Often you will need to argue a point of view‚ form an opinion or critically analyse academic text. But before you do these difficult things you need to have some basic study skills. You will often need to memorise basic facts‚
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H Partners and Six Flags Case # 1: In order to determine the enterprise value and recovery rates for each class of creditors implied by the April 2009 attempted exchange offer‚ we first had to determine the priority levels of the capital structure. We used Exhibit 7 in the Case documents to determine the priority levels of each class. The top priority class included the SFTP Revolver and Term Loan; the second priority class included the SFO Notes; and the third priority class included the SFI
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