GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:37 Dec 22, 2003 |
English language (monolingual) [Non-PRO] Bus/Financial | |||||||
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| Selected response from: Juan Martín Fernández Rowda United States Local time: 15:25 | ||||||
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5 | explanation |
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explanation Explanation: Six Sigma - What is Six Sigma? Bookmark This Page Email This Page Format For Printing Related Tools & Articles Definition of Six Sigma Six Sigma Deployment Is Six Sigma Just For Large Companies? No. Six Sigma Quick Poll Is Six Sigma hype or truth? Hype Truth Unsure Six Sigma at many organizations simply means a measure of quality that strives for near perfection. Six Sigma is a disciplined, data-driven approach and methodology for eliminating defects (driving towards six standard deviations between the mean and the nearest specification limit) in any process -- from manufacturing to transactional and from product to service. The balanced scorecard is a management system (not only a measurement system) that enables organizations to clarify their vision and strategy and translate them into action. It provides feedback around both the internal business processes and external outcomes in order to continuously improve strategic performance and results. When fully deployed, the balanced scorecard transforms strategic planning from an academic exercise into the nerve center of an enterprise. |
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