Impact of Lean Six Sigma on Large cap IT companies in India
INTRODUCTION
Nowadays, companies have to continuously develop their strategies to be at par with other competitors. For this they always strive to adopt new methods or they try to develop on their present methodologies. Companies always look to upgrade their intrinsic technologies to produce the best results for them. Out of the many strategies adopted for this improvement process Lean Six Sigma is one of the most widely used strategy. Lean Six Sigma has been adopted in various industries in our country for a long time. Though Lean & Six Sigma both were not developed in our country but these have been adopted and extensively used by a lot of companies. IT sector has been using Lean Six Sigma as a weapon to improve on their KPI’s. Almost all the IT companies in India have a well set framework for Lean Six Sigma in some or other way. All these efforts have earned good results for these companies. These are more prominent in large cap IT companies in India. Also, the effect of Lean six Sigma is more profound in large cap companies.
Lean Six Sigma is a business strategy and methodology that increases process performance resulting in enhanced customer satisfaction and improved bottomline results. Lean Six Sigma is needed because organizations and individuals need a methodology for improvement and problem solving. The integration of Lean and Six Sigma aims to target every type of opportunity for improvement within an organisation. Whereas Six Sigma is used mostly at large scale in companies to get results which are directed towards large profits for the company. But Lean is used at each & every level of the company to achieve results which are though short term but have large effects when used continuously for a long time. If the two are actually implemented in isolation, the outcome can result in neither being done effectively; constrained by one another’s needs in the organisation. Again, it could even create two subcultures within the organisation, competing for
Nowadays, companies have to continuously develop their strategies to be at par with other competitors. For this they always strive to adopt new methods or they try to develop on their present methodologies. Companies always look to upgrade their intrinsic technologies to produce the best results for them. Out of the many strategies adopted for this improvement process Lean Six Sigma is one of the most widely used strategy. Lean Six Sigma has been adopted in various industries in our country for a long time. Though Lean & Six Sigma both were not developed in our country but these have been adopted and extensively used by a lot of companies. IT sector has been using Lean Six Sigma as a weapon to improve on their KPI’s. Almost all the IT companies in India have a well set framework for Lean Six Sigma in some or other way. All these efforts have earned good results for these companies. These are more prominent in large cap IT companies in India. Also, the effect of Lean six Sigma is more profound in large cap companies.
Lean Six Sigma is a business strategy and methodology that increases process performance resulting in enhanced customer satisfaction and improved bottomline results. Lean Six Sigma is needed because organizations and individuals need a methodology for improvement and problem solving. The integration of Lean and Six Sigma aims to target every type of opportunity for improvement within an organisation. Whereas Six Sigma is used mostly at large scale in companies to get results which are directed towards large profits for the company. But Lean is used at each & every level of the company to achieve results which are though short term but have large effects when used continuously for a long time. If the two are actually implemented in isolation, the outcome can result in neither being done effectively; constrained by one another’s needs in the organisation. Again, it could even create two subcultures within the organisation, competing for
Bibliography: Peter Guarraia, Gib Carey, Alistair Corbett and Klaus Neuhaus (2008), Lean Six Sigma in the service industry, Bain & Company Michael L