The Cost of Poorly Performing Processes – Need for Six Sigma
February 12, 2025
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The final step in the metrics is to measure the financial benefits that are accruing to the firm because of the Six Sigma project being undertaken. This is important and is also an area of concern. Most criticisms of Six Sigma say that the benefits that are presented in such analysis are incorrect and actually […]
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America is sitting on a demographic time bomb. Their economy boomed thanks to the “baby boomers” that brought prosperity to the nation. However, they have got old and now is the time for them to retire and be replaced by a younger generation. The problem is that the number of people retiring is far more […]
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!
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