Corporate Leadership Profile
Unlocking Value: Lean Six Sigma Gives Private Equity and Acquisitions a Tune-Up By Elaine Schmidt
Using Lean Six Sigma to determine whether or not to buy a business may sound unusual. But for Kohlberg & Company, a private equity firm specializing in middle-market investing, the application is a key component in both its acquisition process and its strategy for managing the acquired organizations.
Within this article:
Viewing Waste as Opportunity
Buying and Selling
Revitalization Adds Value
Lean Assessment
Strategic Plan
Aligning with Management
Constant Regeneration
Focusing Efforts
Predicting Success
Holley Performance Group Lean Six Sigma Snapshot
Singer Worldwide Lean Six Sigma Snapshot
Stanadyne Corporate Lean Six Sigma Snapshot
Research
Playing by the Rules: Six Sigma and Compliance By Michael Marx
Compliance – the process of meeting regulatory requirements – can be cumbersome and costly. Often perceived as non-value added, the activities required to maintain and demonstrate compliance can lead a company to add personnel, create new processes and build elaborate control systems. In the end, however, if a company is to operate within the law, compliance is not optional.
With the potential for escalating bureaucracy, some companies have found Six Sigma to be helpful in making regulatory compliance more efficient. Other companies do not think Six Sigma is applicable to managing or improving the compliance process. This survey explores the extent to which Six Sigma is being applied in compliance efforts and the effects associated with it.
"Final Tollgate" Project Example
Account Withdrawl Accuracy By Michael Stober
A health insurance administrator went from a complex billling process fraught with inaccuracies to a zero error rate in customer-account fee withdrawls.
The Final Tollgate features a Six Sigma project as it would be presented to a panel of company executives at the final project review. The objectives of such a presentation are to 1) communicate significant results of the project, 2) share highlights of how results were achieved and 3) gain agreement to close the project. The slides are the Black Belts visual presentation and the accompanying text is the verbal presentation. It is assumed that the project leader has been making regular presentations at each tollgate and that the executives in the audience have a basic understanding of Six Sigma. The content for this project was assembled for illustration purposes. It is based on fabricated data from a fictional company. Any similarities to an actual project are coincidental.
Do you have an exemplary Six Sigma project to share? Would you like to see it here? Submit it to us at www.isixsigma.com/submit/.
Strategy
From Scandal to Compliance: Using Sigma Lean to Meet SOX Requirements By Karen D. Riding, Jim Mullen and Steve Bartolini
After indictments for fraud, Computer Associates charted a new course of financial record keeping and reporting - using Six Sigma and Lean.
Methodology
Introducing New Employees to Six Sigma By Sue Kozlowski, Sheri Testani and Ben Miles
The right presentation to new employees can stimulate interest and participation in Six Sigma.
More Features
Common Success Factors, Uncommon Success in Europe Hospital Staff Scheduling: Right Person, Right Place, Right Time When Does a Difference Matter? Using Analysis of Variance Mythbusting: The Truth About Six Sigma, Software and Agile
Also In This Issue
Editor's Notes
Best Black Belt
Blog Blurbs
Six Sigma Basics
Tool Spotlight
Shop Talk
Six Sigma News Scan iSixSigma Crossword Puzzle
The Cox-Box Cartoon
Open Mike
Digital edition included free!
Using Lean Six Sigma to determine whether or not to buy a business may sound unusual. But for Kohlberg & Company, a private equity firm specializing in middle-market investing, the application is a key component in both its acquisition process and its strategy for managing the acquired organizations.
