| Title | Six Sigma Application Analysis in Small and Medium-Sized Enterprises (SME) In Latvia |
|---|---|
| ID_Doc | 76653 |
| Authors | Linina, I; Vevere, V; Zvirgzdina, R |
| Title | Six Sigma Application Analysis in Small and Medium-Sized Enterprises (SME) In Latvia |
| Year | 2018 |
| Published | |
| Abstract | Globalization trends are one of the major causes of general changes in the world and one of the most visible consequences of globalization is rapid market growth. In these market conditions, companies focus on ensuring their competitiveness. In today's business environment, there are no uniform standards or models that provide business development and effective use of existing resources. There are different standards, models, systems of management support; however, the unifying criterion of these systems is a satisfied customer and reduced costs that provide long-term competitiveness. Thus, Six Sigma management and enterprise competitiveness have become decisive growth factors in ensuring sustainable development of SMEs. To identify factors enhancing the competitiveness of SMEs, the authors of the current article have explored the basic factors of six sigma. To achieve the goals set the authors have examined the theoretical background of the six sigma using the monographic or descriptive method, analyzing SME sector development tendencies in Latvia, and empirically researching the application of the Six sigma in the Latvian SMEs. This study will give companies an understanding of the theoretical and real factors of the Six sigma. Analyzing the theoretical aspects, the authors have defined the unified approach to six sigma management from the viewpoint of its essence. Finally, the authors conclude that six sigma factors can be used by enterprises to manage processes and is one of the instruments in ensuring competitiveness of enterprises. |
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