" His beliefs are supported by the financial results. The annual report for the fiscal year ended on the 31st of December 1997 pointed out an increase in operating revenues larger than $300 million. The subsequent reports also reveal significant increases in income for the following years (Breyfogle, 2003).
5. Conclusions
The highly competitive business environment of today forces entrepreneurs to implement a wide series of strategies which help them achieve differentiation and customer loyalty. A rather useful means of achieving this is through the implementation of the Six Sigma model. The concept was first used by Motorola and since then, it has proved its application in numerous fields and for the benefits of numerous organizations and their stakeholders.
The theoretical model is based on statistical calculi and strives to reduce or even eliminate if possible, the errors from the processes or products. The main feature which differentiates Six Sigma from other theoretical approaches to business quality is the fact that it is based on empirical evidence. Otherwise put, the process has been observed and improved throughout the years, to now reach its actual status.
General Electric is a conglomerate organization and one of...
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