Six Sigma produces superior financial results, using business strategies that not only revive companies but help them leapfrog ahead of their competition in terms of market share and profitability. By reaching for the seemingly impossible, companies achieve the impossible. But the biggest reason for the incredible buzz about Six Sigma throughout the business community has been its astonishing success at dramatically improving a company bottom-line profitability.As a result, Six Sigma has become the darling of Wall Street. Jennifer Murphy, an analyst with Morgan Stanley, Dean Witter, Discover & Co., spent three days at our ranch in Payson and at our Six Sigma Academy in Scottsdale, Arizona, a teaching facility we designed to educate and train executives in the principles of Six Sigma so that they can transform their companies into world - class organizations. Impatient with the negligible effect quality programs have had on the bottom-line, Murphy was astonished what she learned. "Six Sigma companies achieve - faster working capital turns; lower capital spending as capacity is freed up; more productive R&D spending; faster new product development; and greater customer satisfaction,¡s she wrote upon her return. She estimates that by the year 2000, GE gross annual benefit from Six Sigma could be as high as $6.6 billion, or 5.5 percent of sales.
