Posted: October 16th, 2022

Huge focus on speed and time efficiency

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2 seperate discussions from classmates to respond to.
1:
Lean Six Sigma is made out of a combination of Six Sigma principles and Lean manufacturing methodology. The principles include:
Customer satisfaction- grounded enterprise for quality enhancement.
Specific Criteria that motivate decision making. Looking to reduce variation that affect quality.
Will separate value-work from value-work considering-to be waste.
Huge focus on speed and time efficiency
Total Quality Management created methodologies like six sigma and Lean Six Sigma. This process focusses on the quality and also the customer. It is also focused on quality improvement.
if you are working in a position that expects perfection it is also need to be known that six sigma may have benefits to an individual due to the reliance on data gathering and any variation happening. If your concentration is worth further service-grounded or less precise, the ending quality operation may work perfectly for the situation you are having. Note: protein is required.
2:
Personally, I feel the best way to communicate a new business idea is to do extensive research into the industry of choice. I think it is very important to include statistics from reputable sources that support important information presented in the business plan. These can include things like demographics or income data for specific areas of interest, consumer spending data for the target industry, or other proof that demand exists for the proposed product or service.
One article I found interesting added that it is important to present the point of view not only from the proposer, but the investors and the consumers as well. By providing information on how all three can benefit from the business it gives an overall perspective of the three essential parts to commerce. I believe that a pitch should not be too long to prevent someone from losing interest, but should be detailed enough to spark further interest and questions. I believe what gets people to buy a product is the ability to present to the reader their need or the consumer’s need for the product.

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