Question

In: Operations Management

Lean Six Sigma Black Belts are highly valued employees. They are compensated well and are in...

Lean Six Sigma Black Belts are highly valued employees. They are compensated well and are in high demand. Provide an example of this, with either your observations where you work, job postings, salary rates, etc. Why do organization value this certification so highly?

Solutions

Expert Solution

In my previous organization, the managers with Lean Six Sigma Black Belts are of high demand and are provided with high salary. When my manager was paid only around $60,000 per year, the managers with lean six sigma were provided with an average of $1,40,000 per year. When I compare the salaries of project managers on various websites I can see that the lean six sigma managers are heavily paid and some of them with good experience earn around $10,00000 per annum.

Organizations value Six Sigma so highly because it helps the individuals to identify the process errors and eliminate them. This would help to increase the revenue of the firm and also increases customer satisfaction with fewer chances of customer complaints. The reputation of the firm also increases with the high quality of service provided. There is significant reduction in cost with little process deviation and also manages the finances well. The certification helps the person to possess good risk management skills. Moreover it is very difficult to attain Six Sigma Certification and the person who achieves Sig Sigma Black Belt would have excellent knowledge in business process improvement.


Related Solutions

______involves highly trained employees known as champions, master black belts, black belts, and green belts. a....
______involves highly trained employees known as champions, master black belts, black belts, and green belts. a. six sigma b. lean manufacturing c. instructional system design d.TQM
Lean and Six Sigma Research: What Companies created each of these methodologies (Lean and Six Sigma)...
Lean and Six Sigma Research: What Companies created each of these methodologies (Lean and Six Sigma) and approximately what date? Define “Lean” and “Six Sigma” and identify the purpose or goal of each in their most fundamental terms. What is “Lean Six Sigma”? What is the basic methodology used in Lean versus the basic methodology used in Six Sigma? What are the major tools used by Lean versus by Six Sigma? Identify a company that has implemented, Lean and report...
CONTINUAL IMPROVEMENT METHODS WITH SIX SIGMA, LEAN, LEAN SIX SIGMA, AND MORE 1. What is the...
CONTINUAL IMPROVEMENT METHODS WITH SIX SIGMA, LEAN, LEAN SIX SIGMA, AND MORE 1. What is the Kaizen approach? And his elements? And his tools? 2. What is the CEDAC approach? 3. What is the Lean approach? 4. What kind of waste the Lean focuses to reducing? 5. What is the Lean approach tools?
What is Lean Six Sigma? Discuss three tenets of the lean philosophy using a relevant industry...
What is Lean Six Sigma? Discuss three tenets of the lean philosophy using a relevant industry firm as example. Give examples of the COPQ (internal and external failure costs) and the cost of quality assurance (prevention and appraisal) costs, using relevant industry example(s) to illustrate your point(s).
Can you some one provide complete lean or lean six sigma project as a student as...
Can you some one provide complete lean or lean six sigma project as a student as final project work for lean engineering ?
In the Define Phase of the Lean Sigma Six Approach, the subject organization is attempting to...
In the Define Phase of the Lean Sigma Six Approach, the subject organization is attempting to define a problem that needs to be addressed. Please explain why this phase is important to the quality improvement process. Your post should be written from the perspective of a particular quality issue you have seen in your work experience.
A lean six sigma team worked with one of the medical centers in the US to...
A lean six sigma team worked with one of the medical centers in the US to study the preoperational processes for patients experiencing kidney transplants. The aim of the study was reducing the cycle times, improving patient satisfaction, reducing the costs and streamlining the administrative processes. The main performance measure was the number of days required from the date a patient was referred to the transplant medical center to the date the patient is identified as suitable for the transplant...
Define Lean Six Sigma Methodology along with its tools and techniques?
Define Lean Six Sigma Methodology along with its tools and techniques?
In the Define Phase of the Lean Sigma Six Approach, the subject organization is attempting to...
In the Define Phase of the Lean Sigma Six Approach, the subject organization is attempting to define a problem that needs to be addressed. Please explain why this phase is important to the quality improvement process. Your post should be written from the perspective of a particular quality issue you have seen in your work experience.
Given the benefits of Continuous Improvement techniques like Six Sigma and Lean, why is it that...
Given the benefits of Continuous Improvement techniques like Six Sigma and Lean, why is it that not all organizations are quick to adopt these methods? Additionally, what would be some reasons why certain firms that adopted these methods either did not reap the benefits expected, or completely abandoned their implementation and use?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT