From May 2005 to December 2009 I wrote exclusively for iSixSigma Magazine managing the entire research process from survey design and administration through the data analysis and final write up. I published 26 original research reports including the Award winning “Six Sigma Saves Fortune” research piece published in the January/February 2007 issue.
The American Society of Business Publication Editors (ASBPE) in its 30th Annual Awards of Excellence honored the “Six Sigma Saves a Fortune” research article (January/February 2007) with the Gold in the Original Research Category.
The Fortune 500 represents the public companies in the United States with the largest revenues, as ranked annually by Fortune magazine. For better or for worse, the 500 has seen it all – mergers and acquisitions, cultural evolutions, the rise of the Internet, globalization, bankruptcy, and fraud. Amid all these changes, and sometimes because of them, the Fortune 500 companies have experienced significant financial growth.
Between 1987 and 2005, total revenues for these businesses grew more than 450 percent – from $1.9 trillion to $9.1 trillion. During that same period, the business process improvement methodology Six Sigma contributed to the performance of many of these companies.
After Six Sigma’s official start at Motorola in 1987 , the methodology developed modestly – in just a few companies – but it steadily won converts with the results it produced. The first significant growth spurt came in the mid-1990s when Larry Bossidy (then-CEO of AlliedSignal) and Jack Welch (then-CEO of General Electric) adopted Six Sigma into their business operations. Since then, thousands of companies worldwide have embraced the methodology.
Although some detractors have labeled it a management “fad,” Six Sigma has saved Fortune 500 companies alone…well, a fortune. Twenty years and an estimated $427 billion in savings later, can anyone really still call it a fad?
iSixSigma Magazine Six Sigma Salary Surveys
7th Annual iSixSigma Global Salary Survey | March/April 2010
6th Annual iSixSigma Global Salary Survey | March/April 2009
5th Annual iSixSigma Global Salary Survey | March/April 2008
4th Annual iSixSigma Global Salary Survey | March/April 2007
3rd Annual iSixSigma Global Salary Survey | March/April 2006
iSixSigma Magazine Research Features
Best of Benchmarking Research | January/February 2010
The Lean Six Sigma Toolset | November/December 2009
Lean: Benefits and Challenges | September/October 2009
The Effect of the Economy on Six Sigma | July/August 2009
The Demand for Six Sigma in the Supply Chain | May/June 2009
The Search for ‘Best Places’ | January/February 2009
Project Failure | November/December 2008
Tying in to Buy-in | September/October 2008
Hearing Voices: How Businesses Listen to the Customer | July/August 2008
By Reginald Goeke, Michael Marx and Eric Reidenbach
Six Sigma Certification | May/June 2008
The Hard Truth About Soft Skills | January/February 2008
Size Matters: How Small Companies Use Six Sigma | Nov/Dec 2007
Six Sigma: A Global Affair | September/October 2007
The Next Big Thing: How Companies Innovate | July/August 2007
Organizational Culture Change | May/June 2007
Six Sigma Saves a Fortune | January/February 2007
A Look Ahead for Six Sigma | November/December 2006
Online Six Sigma Training | September/October 2006
Playing by the Rules: Six Sigma and Compliance | July/August 2006
Information Technology and Six Sigma | May/June 2006
Knowing the Customer | January/February 2006
The Elements of Success: Starting Up Six Sigma | November/December 2005