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The Quintessential Survival Guide in the Corporate Quagmire! | |
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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: Analysis: Euro zone strugglers lack innovative knack (Reuters)
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France, German leaders meet amid euro, Syria crises (Reuters) Reuters - The French and German leaders meet on Monday in Paris for annual talks in which they will seek further economic coordination in the crisis-hit European Union and discuss the escalating violence in Syria. Police clear DC Occupy site, protesters look to a new day (Reuters) Reuters - U.S. police officers cleared tents from an "Occupy" protest site in downtown Washington on Sunday, but demonstrators said even without the camp they would continue to fight for economic equality and other issues. Obama says he deserves re-election, job's not done (AP)
Europe's shadow darkens outlook (Reuters) Reuters - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report. With sparse data, focus returns to Europe (Reuters) Reuters - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. France says Greek PSI talks going "relatively well" (Reuters) Reuters - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its debt down to 120 pct of GDP level by 2020 were difficult. Obama presses Congress to pass aid to homeowners (Reuters) Reuters - President Barack Obama on Saturday pressed lawmakers to pass his proposal to provide up to $10 billion in aid to struggling homeowners, saying a failure to address the housing crisis would put the rest of the economy at risk. Dealer group sees higher US auto sales and prices (AP) AP - Car buyers will likely pay more for new and used cars this year as the economy improves. Hiring surges in January; jobless rate at 8.3 pct. (AP)
Obama pushes for veterans jobs programs (AP) AP - In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work rebuilding trails, roads and levees on public lands. Unemployment falls sharply in US, rises in Europe (AP) AP - Unemployment falls sharply in US, rises in Europe Jobless rate at 3-year low as payrolls surge (Reuters) Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. |
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