In today’s constantly evolving world, innovation is the only shot of survival
and passion is one thing that innovative companies share. Innovation is a process of constant change where there is an integration of ideas and thoughts with an aim to provide solutions that are unique and credible.
Innovation and Lean Six Sigma are two complementary approaches to process improvement that can be used to drive business success. While innovation focuses on generating new ideas and creating new products, Lean Six Sigma focuses on eliminating waste, reducing variability, and increasing efficiency.
Listed below are some of the key benefits of combining innovation and lean six sigma in organisations:
- Helps organizations to stay ahead of the competition:Application of lean six sigma involves eliminating waste and improving process flows. The Lean Six Sigma methodology provides a structured approach to process improvement that can be used to support innovation. The DMAIC process (Define, Measure, Analyze, Improve, Control) can be used to identify areas for improvement and develop and implement new solutions, while the DMADV process (Define, Measure, Analyze, Design, Verify) can be used to develop new products and services.
Addition of innovative techniques to an already efficient process can ensure that organizations remain at the forefront of their industry and maintain a competitive edge.
- It creates a culture of innovation and growth:Lean six sigma methodologies allow thought innovation by creating a culture of continuous improvement, which can drive innovation and growth. An organisation using both lean six sigma and innovation strategies will be more open to allocating budgets towards training and innovative product development.
To successfully combine innovation and Lean Six Sigma, organizations must create a culture that supports both approaches. This includes encouraging creativity and risk-taking, while also promoting a focus on data and continuous improvement. It also requires the right tools and resources, including training, software, and personnel, to support the implementation of Lean Six Sigma and the development of new ideas.
Innovation is all about delivering value with the passion to keep improving. Lean six sigma complements this attitude by ensuring reliable, waste-free processes, that ultimately promote innovation and create a culture of continuous improvement, drive innovation, and stay ahead of the competition.