World class manufacturing and "Six Sigma": Their application to SMEs, as well as to services
Journal Title: Manager Journal - Year 2011, Vol 14, Issue
Abstract
The present work starts with the observation of the current international crisis that has not spared the business world, affecting mainly the industrial sector. Thus, companies are now more than ever called upon to ensure their competitiveness by meeting some critical success factors that are not only related to quality and product innovation, but also to the production efficiency which can be achieved through minimizing both production and delivery costs. The difficulty of combining the fulfilment of these objectives which seem to be in contrast with each other, has led companies to experiment different management philosophies to find the most suitable to be adopted in the competitive scene in which they operate, and aimed at ensuring the best business performance in the medium-long term. As a result, the research aims, first, at investigating whether there are management philosophies that are able to meet these objectives, supported by operational approaches that are compatible with their basic criteria; secondly, it is meant to assess whether these models may cover the whole industrial sector rather than a single sector alone, as well as whether they can be used in both large companies and SMEs (Small and Medium Enterprises) and, finally, whether they can be extended to service companies as well.
Authors and Affiliations
Francesco Scalera
Keywords
Related Articles
- EP ID EP448763
- DOI -
- Views 76
- Downloads 0
How education determine wage inequality
One of the problems the economy of the past 50 years has been generated by the increase to differences in income between workers with a level of preparedness higher compared to those with a poor level of training. There...
Talent Management in the Age of Globalization
Talent management could be defined currently as ,,all the systems and processes that enable a company to attract, develop and retain employees with highly qualified” but given different interpretations we observe that ,,...
Human Capital And Its Influence On The Organizational Competitiveness
The knowledge economy model is marked by investment in research, development, innovation and human capital which is the key drivers of modern economy for increasing returns. The allocation of resources in human capital b...
Integration Of Company’s Financial Data In Credit Risk Assessment Using A Multidimensional Model
Integration Of Company’s Financial Data In Credit Risk Assessment Using A Multidimensional Model
Regional Economic Analyses. Regional Development
One of the goals of the national development policy is to support the sustainable economic and social growth of regions territorially balanced in Romania, in order to reduce economic and social inequalities among regions...