Explain what Six Sigma refers to and discuss the possible benefits to organizations of using Six Sigma practices.
What will be an ideal response?
Six Sigma is an approach used to eliminate defects and errors. It refers to having 99.99966% of all deviations corrected before they result in defects in final product outputs. This can also be expressed as no more than 3.4 defects per million operations. The Six Sigma process enforces process standardization and efficiency improvements throughout the firm. Benefits can include reduced costs, fewer rejected product outputs, shorter lead times, and reduced capital spending all while raising employee skill levels and strengthening overall financial results.
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On the first day of the fiscal year, Hawthorne Company obtained an $88,000, 7-year, 5% installment note from SeaSide Bank. The note requires annual payments of $15,208, with the first payment occurring on the last day of thefiscal year. The first payment consists of interest of $4,400 and principal repayment of $10,808 . The journal entryHawthorne would record to make the first annual payment due
on the note would include a a. debit to cash for $15,208 b. credit to notes payable for $10,808 c. debit to interest expense for $4,400 d. debit to notes payable for $15,208
According to a study of conflict resolution styles of MBA students from different countries, which of the following is true regarding how conflict resolution differs across cultures?
A. Conflict resolution styles differed across cultures. B. U.S. students are more likely to report an avoiding style. C. Chinese students are more likely to report a competing style. D. There were no differences in conflict resolution styles across cultures.
Explain the key guidelines that marketers must follow to leverage owned media, earned media, and paid media?
What will be an ideal response?
When Ford Motor Co. introduced its Escape hybrid SUV, it offered a $1,000 rebate as an incentive to attract new buyers. This was an example of which aspect of the marketing mix?
A. People B. Product C. Place D. Price E. Promotion