Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Chapter 15, Problem 7DQ
Summary Introduction

To determine:

The points on six sigma.

Introduction:

"Six sigma" refers to the quality principles that helped an organization in saving millions of dollars. This method helps in eliminating the defects from a huge lot. For example, out of a million pieces, only 3.4 defects are acceptable. Hence, this quality control approach increases the quality of the products manufactured in an organization.

Given situation:

It is given that the critics argue that six sigma builds a wrong product and offers a wrong service.

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1.    Discuss the elements of the mission and vision statements and their importance to new entrepreneurial ventures. 2.    Develop a mission and vision statement for a new technology venture. 3.    Include a corporate social responsibility (CSR) initiative in each statement.
Action innovations for entrepreneurial venture types include; Invention, Extension, Duplication, and Synthesis. What is an idea that you believe would qualify as a good entrepreneurial venture, identify the type of action innovation the idea is, and provide a product or service (or a revolutionary product or service) that would fit the type of innovation you have chosen to discuss as a possible venture. Financial planning company is the venture.
Consider the case of Nutrorim that you read in Module 1 from a culture, structure, and strategy perspective. Answer the following questions. Be sure to support your reasoning with evidence from the case and course concepts. What impact has the democratic culture had on the company’s ability to make good, effective, decisions? How do you think this culture evolved? Do you think the culture is still effective why/why not?
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