Question

Why do firms go international? Give reasons.

04 Aug 2025
Answer :
Word Count : 1116
Six Sigma is a data-driven, disciplined methodology aimed at improving business processes by reducing defects and variability. It focuses on achieving near perfection in performance, striving for a defect rate of less than 3.4 defects per million opportunities (DPMO). Originated by Motorola in the 1980s and popularized by companies like General Electric, Six Sigma has evolved into a powerful tool within Total Quality Management (TQM) to enhance efficiency, reduce waste, and increase customer satisfaction. Six Sigma integrates statistical tools with a structured improvement cycle to identify and eliminate causes of defects or errors. It is widely used in manufacturing, services, healthcare, and many other industries. The methodology is rooted in quality management principles and is typically implemented using two sub-methodologies: DMAIC (Define, Measure, Analyze, Improve, Control) for existing processes, and DMADV (Define, Measure, Analyze, Design, Verify) for new processes or products. The DMAIC methodology is the most commonly used process in Six Sigma and forms the core of its approach to quality improvement. Each phase has distinct objectives, tools, and outcomes. 1. Define Phase: The Define phase sets the foundation for the Six Sigma project by identifying the problem, setting goals, and defining the scope of improvement. The objective is to articulate the issue in clear terms and align the team and stakeholders toward a common goal. Critical activities in this phase include: _________ _________ _________ __________ ________ __________.
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