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Executive Suite: Textron CEO zeroes in on Six Sigma
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Six Sigma, a data-driven approach to solving problems, has come under fire. The craze peaked in the late 1990s, but George Buckley, CEO of 3M (MMM), was the latest to de-emphasize Six Sigma last year as he wondered if it hurt creativity.
Yet, just as it was losing favor, Textron (TXT) launched a major Six Sigma initiative in 2002. Stock in the conglomerate whose products include Cessna jets and E-Z-Go golf carts has climbed 173% since, although it has tumbled in 2008. Textron is holding fast.
It will soon have trained nearly 10,000 in-house experts known as black belts and green belts. Why? USA TODAY corporate management reporter Del Jones asked Textron CEO Lewis Campbell, 61, who is a Six Sigma green belt.
Full Story: http://www.usatoday.com/money/companies/management/2008-01-20-six-sigma_N.htm
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