Trumpo has had many positive commercial dealings with General Electric, but I now feel that the FSA may be pushing them over the edge.

GE operate all their businesses under a strict “six sigma” model or process, and whilst it may sound like a secret society, it’s a highly effective and ruthless business model and all key employees have to live and breathe by it. If the six sigma process cant operate within a business marketplace, whether it be light bulbs or credit cards, then its time for GE to pack up and go and practice six sigma in a country where they can.

It would be a great shame if the FSA ran GE out of town, but this may be the high profile scalp that the regulators are so keen to take.

The competition commission (likely after dialogue with the FSA) have recently made it compulsory that if store cards charge more than 25% APR interest then the customers are told thay they may be able to get cheaper credit elsewhere.

Can you imagine Tescos saying that the same apples may actually be cheaper at ASDA, its getting to be a nanny state - Red Gordon or just plain embarrassed Gordon, it will be illegal to make a profit soon under this government.

Taken from the GE website;

What is Six Sigma?

First, what it is not. It is not a secret society, a slogan or a cliché. Six Sigma is a highly disciplined process that helps us focus on developing and delivering near-perfect products and services. Why “Sigma”? The word is a statistical term that measures how far a given process deviates from perfection. The central idea behind Six Sigma is that if you can measure how many “defects” you have in a process, you can systematically figure out how to eliminate them and get as close to “zero defects” as possible. Six Sigma has changed the DNA of GE — it is now the way we work — in everything we do and in every product we design.

Maybe the UK government should embrace six sigma for the good of the country?

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