The process for business development, with the Six Sigma methodology is based on, is known as the model of DMAIC. The name is an acronym that stands for: Define opportunity, Measure performance, Analyze opportunity, Improve performance and Control performance. When it is used as a methodology to improve the processes of a business, Six Sigma is a well-rounded and effective system that helps implement and perform strategies of business.
Another one of Six Sigma’s methodologies is known as DMADV, which stands for Define, Measure, Analyze, Design and Verify. Interestingly, “belts” are the labels used to identify Six Sigma procedures. The two types are Green and Black Belts. In order to implement Six Sigma methodology, there needs to be a Six Sigma Master Black Belt overseeing the processes.
It is meant to bring about fast and desirable results, support strategies of business that help improve the company and its efforts, make teams more effective as handling and taking on various projects of high influence and monitor various efforts made to guarantee sustainable improvements.
The Six Sigma methodology is meant to make it clearer for a business as to how to implement their strategy and to use the best tools in order to do so. It gives a structure that helps company’s manage and use various resources that will help the overall good of the company. It also influences leaders that take on the managerial role and encourages them to find results that are quick, well thought out and maintainable.
In terms of improving a business, there are not many approaches that can beat Six Sigma methodology because it strives for the highest standard of quality. It looks to get rid of any defects within the process, from the initial stages right up until the product is available and in service.