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Six Sigma
Term category: General Business
In 10 words or less:  A set of techniques for business process improvement.

Definition: Six sigma is a set of techniques that improves business processes.  By doing so, companies can save lots of money and improve the quality of their products.

Advice: Six sigma is heavily studied in business schools and many manufacturing companies employ it to improve the quality of their products. Six sigmas from the standard deviation means that there would only be 3.4 defects per million products.

 

 

 

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