#6 SIGMA COMPANIES FULL#

In recent years the Lean and Six Sigma methodologies are applied and studied as one ( Shah et al., 2008).

Strategies used by companies to adequately respond to such demands comprise a focus on operational excellence and by the implementation of well-known operational excellence methodologies such as Lean management and/or Six Sigma companies aim to eliminate operational inefficiencies and enhance operational control ( Delgado et al., 2010). Hence, the control and optimization of processes become more important. Stakeholders from capital markets, governments and society will impose demands on profitability and internal efficiency, regulatory compliance and legitimate corporate conduct. When companies transcend the initial start- and scale-up phases and become established, public scrutiny will increase. The consequence of the rapid growth in this industry is an entrepreneurial focus on product development, human resource attraction and retainment and financing needs to support further growth. Companies categorized under “emerging technologies” are, or for long have been, involved in technologies that span multiple categories, as is the case for most emerging as-a-service solutions that include elements of hardware, software and services, which currently comprises amongst others Internet of Things applications, experimentation with the use drones and many other recent automation technologies. The digital technology industry however comprises several categories, such as the development of software (12%), devices and infrastructure (23%), IT and business services (21%), telecom services (26%) and finally emerging technologies (19%) ( CompTIA, 2020). Digital technology companies are traditionally defined as “ businesses that provide a digital technical service/ product/ platform/ hardware, or heavily rely on it, as its primary revenue source” ( Tech Nation, 2016). In recent years, companies in digital technology industries have experienced rapid growth, due to among other reasons, the fast penetration of worldwide Internet availability.

#6 SIGMA COMPANIES FULL#

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6 sigma companies