Where is Six Sigma?

Posted by: meikah | 23 July 2007 | 8:58 pm

The New York Times Your Money section features how GE is going through some rough times financially. The company has not been able to get their stocks moving to a significant high. It even had to write off $3 billion in reinsurance, sell stuff, buy things, and the earnings growth rate has not reached the targeted 15 percent.

GE is one of the big companies that has been associated with Six Sigma. For years, it has boasted of savings and benefits brought about by its Six Sigma strategy. Other companies even look up to GE. But with what’s happening at the company right now, I’m sure it has raised a lot of questions such as:

• Where does Six Sigma figure in all this?
• At what point did Six Sigma fail the company? Or did it?
• Can Six Sigma help improve GE’s bottomline?
• Can Six Sigma save GE?
• To be successful in all aspects of business, does a company need more than Six Sigma methods?

Does anyone have the answers?

*Photo from the NYTimes article

 Filed under: Finance, GE, GE Money, General, Six Sigma Organizations, Sustainable Business | | No Comments »