Which of the following best describes the effects of 3M’s investments in Six Sig

Question

Which of the following best describes the effects of 3M’s investments in Six Sigma initiatives?

a.

These investments resulted in needed increases in operational efficiency.

b.

These investments had an unintended effect of reducing the firm’s capability in innovation.

c.

These investments resulted in the development of an additional capability.

d.

All of the above are correct.

a.

These investments resulted in needed increases in operational efficiency.

b.

These investments had an unintended effect of reducing the firm’s capability in innovation.

c.

These investments resulted in the development of an additional capability.

d.

All of the above are correct.

Explanation / Answer

Ans: a) These investments resulted in needed increases in operational efficiency

Six Sigma: It is a technique helps to improve the quality process from manufacturing to buying/selling which relates to product and service. It enables innovative design process so that it has results in improves customer satisfaction, improved sales etc.

3 M’s – are seen in first option that regards to in any firm 3 m’s are mandatory if we don’t have man power we cannot give excellent production and that usually leads to operational efficiency as well. Basing on manpower the rest of the process will follow. In any firm manpower plays a significant role which helps to lead a firm accurately and efficiently.
Money: Money is the heart of a firm, If funds are not there we cannot process ahead with our basic procedures. Money leads to see the foresight of the firm. It helps to increase the efficiency of work in public and as well as private.
Machinery: It is the magnificent part in any firm as the name itself as we need to maintain good and time-consuming machinery to fulfill the working nature. Good training facilities must be described to the manpower in firms so that they can use it effectively. Machinery is costly part it requires good funds to get appropriate machinery.

As per the description given this is mandatory that we need 3 m’s in every organization to get effective operations and profits.
3M – Man power, Machinery, Money

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