Final answer:
The standard quality improvement methodology developed by General Electric is called Six Sigma. Six Sigma is a data-driven approach that aims to reduce variation and defects in processes to improve quality and efficiency.
Step-by-step explanation:
The standard quality improvement methodology developed by General Electric is called Six Sigma. Six Sigma is a data-driven approach that aims to reduce variation and defects in processes to improve quality and efficiency. It involves following a structured problem-solving process known as DMAIC (Define, Measure, Analyze, Improve, Control), and using statistical tools and techniques to identify and eliminate root causes of problems.
For example, a company may use Six Sigma to improve its manufacturing process by reducing defects in the final product. The company would first define the problem and set goals, then measure the current performance and gather data. Next, they would analyze the data to identify the main causes of defects, and develop and implement solutions to address those causes. Finally, they would put controls in place to ensure that the improvements are sustained over time.
Six Sigma has been widely adopted by organizations around the world and has proven to be effective in improving quality, reducing costs, and increasing customer satisfaction. Many companies, including General Electric, have used Six Sigma to achieve significant business results.