Definition
Six Sigma is a data-driven methodology and set of tools and techniques aimed at improving the quality and efficiency of processes by minimizing variability and defects. Six Sigma uses statistical analysis to identify root causes of problems, measure process performance, and implement solutions to achieve near-perfect performance (3.4 defects per million opportunities). Six Sigma projects follow a structured DMAIC (Define, Measure, Analyze, Improve, Control) or DMADV (Define, Measure, Analyze, Design, Verify) methodology.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.