Benefits of Six Sigma
Six Sigma refers to a strategy of business management that was developed originally by Motorola in 1981. In fact, Six Sigma nowadays enjoys extensive applications in most industry sectors as a result of its numerous benefits. Here are some benefits of Six Sigma.
1. Increases productivity
Through teaching both executives and employees methods of managing their time and by fostering better teamwork, Six Sigma increases productivity significantly. It also assists in building a strategic and organized baas for conquering roadblocks and eliminating barriers to advancement.
2. Consumer focus
The main reason why Six Sigma is very effective is because it concentrates on consumers. It fosters customer loyalty through concentrating on customer feedback. In addition, it also encourages the creation of effective enhancement projects aimed at eliminating or fixing customer concerns. Consumers are therefore consulted so as to offer their anticipations for service and quality. This enables the organization to provide better services since they are now aware of what consumers want.
3. Fosters better competition
Six Sigma fosters better competition through the application of the detailed strategies of data collection to clientele and also competitors. Through being aware of what rivals do better, organizations can set goals in order to overcome all their weaknesses and produce even better products in contrast with their rivals. Most companies have considerably pulled away from their rivals in customer and quality support after using Six Sigma.
4. Highly efficient
Business leaders usually make judgments based on what they believe that consumers want, which causes problems. Nevertheless, Six Sigma is an efficient management tool as it places even more emphasis on data for confirming problems, causes as well as appropriate solutions. The collection and scrutiny of data is vital before any decisions are made. This systematic approach helps with enhancement in profits and sustained gains.
Since Six Sigma mainly emphasizes on the strictness of a particular process, it contradicts innovation and also kills creativity.