SIX SIGMA SPECIFICATIONS IN PRIVATE BUSINESS. CONCEPTUAL APPROACH

Brindusa - Gabriela Grama and Beniamin Viorel Branzas

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2015, vol. 9, issue 1, 1074-1079

Abstract: The streamlining of management processes is a growing concern for private management. Considering the significant financial implications, the private companies, especially those with internationalized activity, developed internal systems to monitor and control all the processes. A lot of these systems are based on the Lean Six Sigma concept through DMADV model, customized according to the specific industry. The Six Sigma in private management is part of New Management stage and promote the institutional flexibility by reducing the related costs. This paper goes through a series of conceptual notions related to Six Sigma and submit recommendations on its correct application in private administration. It also proposes a set of good examples of private companies that have implemented this concept.

Keywords: six sigma; management; continous improvement (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:9:y:2015:i:1:p:1074-1079

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