Download Six Sigma: The Breakthrough Management Strategy Revolutionizing the World's Top Corporations AudioBook Free
The extraordinary breakthrough management program--heralded by GE, Motorola, and AlliedSignal--that is sweeping corporate America using its unprecedented ability to accomplish superior financial results.
Six Sigma is the most effective breakthrough management tool ever devised, promising increased market share, cost reductions, and dramatic improvements in bottom-line profitability for companies of any size. The darling of Wall Street, it is among the most mantra of Fortune 500 boardrooms across the world since it works.
What is Six Sigma? It really is first of all a small business process that enables companies to increase profits drastically by streamlining operations, improving quality, and eliminating defects or mistakes in everything a business does, from filling out purchase orders to manufacturing airplane engines. While traditional quality programs have centered on detecting and correcting defects, Six Sigma encompasses something broader: It provides specific solutions to re-create the procedure itself so that defects should never be produced in the first place.
Most companies operate at a three- to four-sigma level, where the price of defects is roughly 20 to thirty percent of revenues. By approaching Six Sigma--fewer than one defect per 3.4 million opportunities--the cost of quality drops to less than 1 percent of sales.
This is basically because the best quality also ends up with the cheapest costs. When GE reduced its costs from 20 percent to less than 10 percent, it saved a billion dollars in only two years--money that goes right to underneath line. This is the reason Wall Street and corporations as diverse as Sony, Ford, Nokia, Texas Instruments, Canon, Hitachi, Lockheed Martin, American Express, Toshiba, DuPont, and Polaroid have embarked on corporate-wide Six Sigma programs.
Six Sigma should be of paramount importance to every forward-thinking executive and manager determined to make their company world-class in their industry.
