Word: ge
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Dates: during 2000-2009
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...Sigma has become such an integral part of the GE way that Welch calls it the "language of leadership" at GE...
...Welch has also transformed GE into a higher quality organization through his thorough implementation of Six Sigma. An overarching business improvement strategy that originated at Motorola in the 1980s, Six Sigma is a quality control initiative that aims to increase product quality. To achieve a six sigma level of quality, a process must produce no more than 3.4 defects per million parts...
...date, Six Sigma has delivered billions of dollars in savings to GE's bottom line, with $3 billion worth of returns last year alone...
...Sigma will continue to play a role in GE's future success, but company watchers say GE's digitization efforts, started under Welch, will become increasingly important in the maintenance of its global leadership...
...Welch's greatest legacy, Brokaw says, is his development of GE into a global competitor ready to compete in the new market...