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New Business Model Development Using 6 Sigma Methodology  

Sung, Ki-Wook (Division of Industrial Engineering, Inha University)
Yoo, Jae-Sung (Division of Industrial Engineering, Inha University)
Kim, Bong-Sun (Division of Industrial Engineering, Inha University)
Publication Information
Journal of the Korea Safety Management & Science / v.12, no.3, 2010 , pp. 237-247 More about this Journal
Abstract
Global financial crisis at 2008 bring about the great change to the company itself and its environment. In these days, the company needs change to the ambidextrous organization, which have more efficiency processes also have more attractive products and services. Ambidextrous organization purse exploiting and exploration innovation program. For the existing process's incremental and rapid improvement, the exploiting innovation programs are used such as 6 Sigma program and so on. For the new business model's searching and developments, the exploration innovation programs are used such as blue ocean program and brainstorming and so on. In this paper is presented the new procedures, for the new business model development, combining exploration and exploiting innovation programs. To obtain the creative business ideas, various exploration methodologies are adopted based on 6 Sigma's methodology, The new procedures are applied to the venture company and examined its validity.
Keywords
Ambidextrous Organization; New Business Development; 6 Sigma; Blue Ocean;
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