Change has never been easy, but it has benefited most companies in their financial graphs. All want to shape a future with less defects and more profits; however is it possible after you have followed a traditional business method? Why not bring in change and then verify the result! Why not give a shot to an emerging concept that has been adopted by many top companies in the world.
A mid-level rising company may often raise questions about changes in a system or a process which can directly or indirectly cause financial hitches. The changes appear every now and then in the market, it is very important to cater for changes that may affect your business in future. There are various sectors in an organisation where change can occur, for instance, it may be in a process, a tool or system, job roles, products and services and so on. Hence any change can be tackled and new tools help one to get back on track.
Among many other tools and methods there is one such method that has not just effectively proved to be cost efficient but also a long term partner in every change. Lean and Six Sigma (LSS) is no new concept in the business world, it has revolutionized and created remarkable changes in the business for those who have shown the spirit to try something different other than the usual business tactics. A new approach can change the fate of any small or medium sized business. This concept can be used in any stage in a business, whether it is in the initial stage or at the growth stage, this particular idea can change the direction of your financial chart.
In simple words, Lean and Six Sigma is a concept which is used to maximize customer value while minimizing waste. LSS helps in creating more customer value with fewer resource. Making a business cost effective is the main focus of this concept. A lean thinker will change the focus of management and work in eliminating waste which adds zero value to a process. Whichever organisations have adopted this concept has been able to respond to changing customer specifications with high quality and low cost.
A change is not always a risk; sometimes taking risk opens up more opportunities and helps gain more profit than not taking any risk. It’s never too late to make things right and profitable for your company.