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Content Provider | IEEE Xplore Digital Library |
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Author | Chakraborty, A. Leyer, M. |
Copyright Year | 2011 |
Description | Author affiliation: Faculty of Science and Technology, Queensland University of Technology, Brisbane, Australia (Chakraborty, A.) || ProcessLab, Frankfurt School of Finance & Management, Frankfurt/M., Germany (Leyer, M.) |
Abstract | Six Sigma is considered to be an important management philosophy to obtain satisfied customers. But financial service organisations have been slow to adopt Six Sigma issues so far. Despite the extensive effort that has been invested and benefits that can be obtained, the systematic implementation of Six Sigma in financial service organisations is limited. As a company wide implementation framework is missing so far, this paper tries to fill this gap. Based on theory, a conceptual framework is developed and evaluated by experts from financial institutions. The results show that it is very important to link Six Sigma with the strategic as well as the operations level. Furthermore, although Six Sigma is a very important method for improving quality of processes others such as Lean Management are also used This requires a superior project portfolio management to coordinate resources and projects of Six Sigma with the other methods used. Beside the theoretical contribution, the framework can be used by financial service companies to evaluate their Six Sigma activities. Thus, the framework grounded through literature and empirical data will be a useful guide for sustainable and successful implementation of a Six Sigma initiative in financial service organisations. |
Starting Page | 799 |
Ending Page | 803 |
File Size | 613395 |
Page Count | 5 |
File Format | |
ISBN | 9781457707407 |
ISSN | 2157362X |
e-ISBN | 9781457707391 |
e-ISBN | 9781457707384 |
DOI | 10.1109/IEEM.2011.6118026 |
Language | English |
Publisher | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
Publisher Date | 2011-12-06 |
Publisher Place | Singapore |
Access Restriction | Subscribed |
Rights Holder | Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
Subject Keyword | Six Sigma Financial Services Companies Qualitative Research Interviews Expert Interviews Portfolios Framework Six sigma |
Content Type | Text |
Resource Type | Article |
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