Question

1. (A) What is flexibility and (B) why is it important to a modern organization?

2. What are the key impacts of cycle time reduction?

3. (A) What is reengineering? (B) How does it relate to Six Sigma practices?

4. (A) What is the Deming cycle? (B) Explain the four steps.

Answer 1

1.

(A) Flexibility is nothing but the abilities to respond to changing situations both internal and external to the organization.

A leader should be flexible and work effectively in challenging situations. They should be open to change and should adapt to the changing situations in order to help the organization to meet the goal.

(B)

Flexibility is important for the modern organization because: -

• Company make strategies based on both internal and external factors. any changes in these might affect the organization positively or negatively.
• Business environment is uncertain and challenging so to adapt to the changing situation, organization needs to be flexible.
• Flexible organization can focus on fulfilling the customers needs and preference.
• This make the organizations to be creative and innovative.
• It helps in gaining competitive advantage.