By Dick Smith
Genuine executives speak about how Six Sigma replaced their companies for the better
subsidized via the real-world adventure of executives who effectively applied Six Sigma, this e-book indicates how this robust, data-driven caliber development method can enhance the educational cycle and monetary and company reporting, in addition to strategic making plans, purchaser call for concerns, and extra. Case reviews and interviews supply real-life top practices that make the implementation approach that a lot more uncomplicated for managers. The authors are Six Sigma specialists affiliated with PricewaterhouseCoopers and the following current an cutting edge exam of this strong and well known technique.
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Extra info for Strategic Six Sigma: Best Practices from the Executive Suite
How? By helping companies and their leaders build an empirical foundation for decision making, and drive people, processes, and organizations toward common objectives—whether the goal is to articulate a new global vision, define and assess business opportunities in mature and emerging markets, build and protect global brands, or accelerate integration of global business operations in the wake of M&A. ➤ e-Business Planning and Implementation Consider now how use of Strategic Six Sigma can help mitigate the risks—and enhance the market opportunities—associated with e-business planning and implementation.
There, the average R&D time from invention of a new drug through clinical trials, Food and Drug Administration (FDA) approval, and market introduction can run upward of 10 years or more. It requires enormous capital outlays on the part of pharmaceutical manufacturers, with no assurance that their efforts will not be thwarted by some competitor moving faster, who gets the product to market sooner. Issues of long product development cycles are also significant in the aviation and aerospace industries, and in many other areas of the defense establishment.
It keeps track of this performance using a highly unique performance dashboard that incorporates use of Six Sigma principles to gauge business performance on a daily basis. Other companies using Strategic Six Sigma practices to design (or redesign) their supply chains include 3M, under its new chairman and chief executive, Jim McNerney. In January 2001, McNerney, a GE veteran, told analysts that he expected Six Sigma to save 3M hundreds of millions of dollars through 24 ➤ STRATEGIC SIX SIGMA better and more efficient materials sourcing.