Examlex
Which of the following best defines duality in a board of directors?
Define Measure Analyze Improve Control
A data-driven quality strategy for improving processes, part of Six Sigma methodology, focusing on defining the problem, measuring key aspects, analyzing data, improving by implementing solutions, and controlling future process performance.
DMAIC
Stands for Define, Measure, Analyze, Improve, and Control; a systematic, data-driven methodology used in Six Sigma projects to improve processes.
Lean
A systematic approach to identifying and eliminating waste through continuous improvement, promoting efficiency and effectiveness in processes.
Maximizing Profitability
Strategies and practices focused on increasing the difference between revenue and expenses to achieve the highest possible profit.
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