Template-Type: ReDIF-Article 1.0
Author-Name: Robert Wanyama
Author-Workplace-Name:Strathmore Business School, Nairobi, Kenya
Title: Integrating Lean Six Sigma and Blue Ocean Strategy: A Pathway to Innovation and Efficiency
Abstract: This study explores the integration of Lean Six Sigma and Blue Ocean Strategy as a comprehensive framework for enhancing innovation and operational efficiency in various industries. By analyzing the synergies between these methodologies, the research demonstrates how Lean Six Sigma can streamline processes and reduce costs, thereby supporting the execution of Blue Ocean Strategy to create unique market opportunities. Through an examination of successful case studies across manufacturing, healthcare, technology, retail, financial services, and hospitality, the findings reveal best practices that lead to significant competitive advantages. A practical framework for implementation is developed, emphasizing the need for tailored approaches that address industry-specific challenges. Additionally, the establishment of key performance indicators provides organizations with measurable tools to assess the effectiveness of this integration. This study contributes to the existing literature by highlighting the necessity of adopting a holistic strategy that not only optimizes operations but also fosters creative value propositions. The insights gained underscore the importance of this integrated approach for organizations seeking sustainable growth and competitive positioning in an increasingly dynamic business landscape.
Journal:International Journal of Research and Innovation in Social Science (IJRISS)
Pages:1119-1130
Volume: 8
Issue: 11
Year: 2024
Month: November
File-URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-8-issue-11/1119-1130.pdf
File-Format: Application/pdf
File-URL:https://rsisinternational.org/journals/ijriss/articles/integrating-lean-six-sigma-and-blue-ocean-strategy-a-pathway-to-innovation-and-efficiency/
File-Format: text/html
Handle: RePEc:bcp:journl:v:8:y:2024:i:11:p:1119-1130