Six Sigma
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Todd Lovejoy is a former CEO and COO who currently provides executive leadership for TAL Management Services, a consulting and financing firm he founded. A graduate of the University of California at Santa Barbara, Todd Lovejoy is also an expert in the Six Sigma Black Belt methodology.
Six Sigma is a business methodology designed to identify and remove problems through standardization and efficient managerial concepts. Created by Motorola in 1986, Six Sigma also can be combined with the Lean methodology, a concept that originated with Henry Ford. Lean is designed to streamline business methods to achieve fast and efficient processes. When implemented together, these two business models are known as Lean Six Sigma.
The benefits of Lean Six Sigma include:
– Increases in profits by eliminating waste and streamlining production processes.
– Decreases in costs by cutting out unnecessary practices and removing problems.
– Increases in efficiency by removing waste and shifting the focus of the organization to growth and high-quality outputs.
– Increases in employee growth, satisfaction, and accountability by involving workers in the improvement process.
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