Explain Why,in the Initial Stages of Six Sigma Implementation in a Firm,it

question 56

Essay

Explain why,in the initial stages of Six Sigma implementation in a firm,it is advantageous to choose project that have a high likelihood of success.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Favorable Trend

A pattern or movement in financial or operational data that suggests positive performance or outcomes for a business.

Book Value

The net value of a company's assets found on its balance sheet, and is calculated by subtracting liabilities from the total assets.

Machinery

Equipment, especially those powered by fuel or electricity, used in the industrial production or manufacturing process.