Six Sigma is a set of techniques and tools for process improvement. It was developed by Motorola in 1986‚ coinciding with the Japanese asset price bubble which is reflected in its terminology. Six Sigma became famous when Jack Welch made it central to his successful business strategy at General Electric in 1995. Today‚ it is used in many industrial sectors. Six Sigma seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability
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SIX FLAGS AMERICA’S FAVORITE THRILLS "GO BIG! GO SIX FLAGS!" Proposal: Strategic Marketing plan for SIX FLAGS September 2012 * Table of Contents 1.0 INTRODUCTION 3 2.0 ANALYSIS 4 A) EXTERNAL ANALYSIS 4 I) PEST ANALYSIS 4 II) PORTER FIVE ANALYSIS 6 B) INTERNAL ANALYSIS 7 I) VALUE CHAIN ANALYSIS 7 II) INTERNAL STRENGTHS AND WEAKNESS 10 3.0 STRATEGY FORMULATION:ALTERNATIVES 11 I) MARKET DEVELOPMENT: FINDING ASIAN PARTNER 11 II) PRODUCT DEVELOPMENT: CUTTING THE
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Introduction More and more companies have implemented quality management in their operations. According to isixsigma.com‚ many international organizations have implemented total quality management (TQM) such as Toyota Motor‚ Motorola‚ Ford Motor‚ and Philip semiconductor. TQM which is a strategy aimed at embedding awareness of quality in all organizational process (wikipedia) began in the 1950’s and it has become widely known in 1980’s. Also‚ Six Sigma was originated from Motorola in 1986. Its purpose
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Learning Team B Weekly Reflection: Week Six University of Phoenix MGT/521 Management Learning Team B Weekly Reflections: Week Six Performing a business analysis is essential to understanding the current state of an organization as well as the external factors that will affect the business in the future. Using this information to develop strategies and tactics is important in order for a business to take advantage of potential opportunities and limit
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Do you agree or disagree with the following statement? Parents are the best teachers. Use specific reasons and examples to support your answer. For a child‚ classmates are many but parents are unique. The former spend a great many hours with him/her together during school time‚ while the latter help to build his/her good habits and proper confidence‚ and teach him/her extra knowledge‚ which has a great important influence as the customized teacher for child. Good habits are indispensable for success
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APPLICATION OF SIX SIGMA IN THE SOFTWARE SECTOR I have been facing this question from the people in software industry that whether Six Sigma is applicable to their industry or not. They ask whether the goal of 3.4 defects per million opportunities can be applied to final software that they are making for their Clients. Should they be allowing 3.4 mistakes in a million lines of code that they have developed? Even achieving this goal would NOT result in getting the customer’s satisfaction because
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12 Business Studies–XII CHAPTER – 1 Quick Revision Notes NATURE AND SIGNIFICANCE OF MANAGEMENT 1. Meaning/Concept of Management: Management is the process of getting things done with the aim of achieving goals effectively and efficiently. ▪▪ Process: refers to the primary function like planning‚ organising‚ staffing‚ directing and controlling performed by the management to get things done. ▪▪ Effectiveness: means completing the right task to achieve the deputed goal within the time frame
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Part 1 The six steps in decision-making process are: 1. Define the problem - This is the first step towards a decision-making procedure. Problem exists whenever a decision is being made. 2. Collecting the data - In making the best decisions‚ managers need to have the ideal resources such as information‚ resources‚ and time available. Therefore‚ they need to collect all these data. 3. Identifying the alternatives - Appropriate alternatives needs
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The Six Benchmarking Steps You Need Everyone talks about benchmarking‚ but few know what to do. Learn the six steps in most any benchmarking initiative‚ from building support‚ to designing and improving a plan. Benchmarking‚ step-by-step: Introduction Step One: Select the process and build support Step Two: Determine current performance Step Three: Determine where performance should be Step Four: Determine the performance gap Step Five: Design an action plan Step Six
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“Six Dangerous Myths About Pay” – Jeffrey Pfeffer (8/18/14) Topic of Paper: Decisions regarding compensation and their effects on organizational performance Purpose of Paper: Organizations are trapped in unproductive ways of approaching pay‚ which they find difficult to escape. Pay cannot substitute for a working environment high on trust‚ fun‚ and meaningful work. Why prof chose it: Interesting notion of higher ROI on spending to improve the culture of the firm than the individual compensation.
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