Wall Street is not a good place to be right now. Even those who don’t regularly involve themselves in investing in the stock market can tell you this fact. People have been frantically searching for a solution to the problems that Wall Street has been experiencing, and it is made even more difficult by the fact that there isn’t really a simple solution. The economy is down, which means that investments are going to go down in value. The complexities of the stock market leave a lot to be desired in the way of problem solving, and no one knows quite what to do in the situation.
Six Sigma Training proves that there are many different paths to solutions that can be devised using a basic strategy and methodology. This improves processes and defect ratios, and can be applied to many different industries. What about using Six Sigma to fix the problems with the stock market? Is it plausible to think that sending in a Six Sigma team to revamp the practices and processes involved in investing will actually prove to be beneficial to the stock market as a whole? There are some various things to consider with this, in order to determine whether it could be effective or not.
First, Wall Street and the Stock Exchange is not just one company. Usually, Six Sigma Projects are designed to be undertaken by a company or business that needs process improvement. This presents an immediate complication because the stock market is just that: a market made up of multiple companies. And it isn’t the companies that need fixing, it’s the market itself. Second, you have to consider whether using Six Sigma Training to try and correct an entire economical problem is actually going to be effective.
You would obviously scale the projects to size and do small things to keep continuous improvement going on for an extended period of time. However, you should also note that trying to improve the processes of the stock market in order to benefit the economy will likely be a daunting challenge. What could be changed? What possibly needs corrected that isn’t just waiting on the economy to recoup itself? While Six Sigma is an effective tool for many different industries, Wall Street might not be the best place to employ its practices, simply for lack of possible successes and applicable use. It’s a nice thought, but Six Sigma is certainly not powerful enough to put the country back on its feet without help from other resources.