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Criticism Of The Six Sigma Approach

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Do you agree with its criticism of the Six Sigma approach?
In my perspective, the criticisms of the Six Sigma approach are unfounded. First, the writer of the article in Fortune Magazine, Lee Clifford argued that the Six Sigma concept can be mind-numbingly vague. This argument seems baseless because Six Sigma is a clear concept and if an approach introduces a systematic implementation of producing error-free products and services, such initiative should be regarded as a step in the right direction not only for the manufacturing industry but for the consumer population in general. Another criticism is that more companies are applying the Six Sigma while producing products that the consumers do not want. Understandably, the approach does not …show more content…

Understandably, Six Sigma denotes a company’s mentality of producing the majority of its products error-free. Accordingly, Clifford (2001) attests to Six Sigma meaning of “making error-free products 99.9997% of the time--a minuscule 3.4 errors per million opportunities” (para 2). If the above attestation is accurate, obviously, a company’s profit margin will increase as more consumers are attracted to patronize the company’s products. Eventually, when profits increase, investors will be more interested in affiliating with the company. This apparently boosts the stock value of the company. So, yes, the result of Six Sigma has the potential to significantly impact financial statements, and therefore, on the stock value of a company. The only reason Six Sigma will not have an impact on financial statements and improve stock value is when companies do not appropriately adhere to the process in its totality; that is, when companies’ CEOs are not committed to producing error-free products, not motivating their employees, or if they allow failures to take precedent before embracing the …show more content…

They are trend setters who are better informed about products, services, and behavior of a company. Additionally, in any innovation, early adopters are the first to take advantage of products irrespective of the price. However, in respect to Six Sigma, the concept or approach is not only valuable to early adopters, but to the five segments of any given innovation; namely, innovators, early adopters, early majorities, Late majorities and laggards (Robinson, 2013). These various segments of the population crave satisfaction from products for which Six Sigma becomes the ultimate

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