What Is Six Sigma? Describe the Similarity as Well as the Difference

question 51

Essay

What is Six Sigma? Describe the similarity as well as the difference between Six Sigma and TQM.

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Definitions:

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Differentiation Strategy

A marketing approach where a business seeks to distinguish its products or services from competitors' through unique attributes.

Exclusivity

A business strategy or condition where products or services are restricted to a specific group or area, often to maintain high prices or prestige.

Quality Focus

A business strategy emphasizing the importance of maintaining high standards in product or service offerings to meet customer satisfaction.