Many small and mid-sized business owners are under the impression that the Six Sigma Process is not for them as it has a reputation to cost a prohibitive amount of money for companies of their size. Though this was true when the original Six Sigma Process came to be, as it continues to grow and evolve, many smaller companies are now quite capable of affording to implement the latest development of its strategy.
This more affordable Six Sigma Process is commonly called Generation III. It has been developed specifically for small to mid-sized companies who are seeking to improve their profitability through performance. Its affordability has been made possible by way of the internet which now offers online training technology, as well as new smaller-scale “live” training options for reducing training expenses.
Naturally, there are a few differences between the original, Generation I Six Sigma Process and the new Generation III for small and mid-sized businesses, however, this is what makes it so beneficial to these smaller businesses – it functions with them in mind. Primarily, these differences are made up of the following: