Application of Six Sigma Management-based Teaching Method in Financial Management Course Online Teaching

Abstract

Driven by huge demand for talents in the market, economics major in colleges and universities need to take the initiative to reform the teaching of finance specialty in accordance with the demand for finance talents in the era of big data, cultivate versatile innovative competent talents, and output high-quality talents for social enterprises, satisfy enterprises’ needs of recruiting financial talents, and give full play to the social education value of university finance specialty. Financial management is the core of economic organization, and the management effectiveness affects the overall operational feasibility of the organization. In order to promote the high-quality development of the market economy, universities should devote greater effort to the teaching reform of financial management, enhance talent cultivation conversion efficiency, and give full play to the value of the financial specialty in colleges and universities. However, the existing course teaching can hardly achieve the expected goals due to insufficient monitoring of financial management teaching process, insufficient self-learning resources, and defective student learning support service, imperfect teacher's training, single assessment method, and small proportion of practical teaching, etc. In view of the current status, this paper innovatively introduced six sigma management theory to improve the online teaching of financial management courses. Firstly, the teaching process involving five stages of define-measure-analyze-improve-control was designed according to the course characteristics of financial management and at the same time, the financial management teaching model was improved by online and offline inquiry-based teaching method. In order to improve the application effectiveness of financial management online teaching resources, a precise teaching resource push system was established using Web data mining so as to achieve the goal of recommending different teaching resources to different students. It was proved by the teaching practice that the new teaching method proposed in this study can help students improve learning efficiency and enhance their problem-solving ability. Thus, this teaching model is worthy of application and promotion in courses of finance specialty.

Systematic literature review on the implementation of the Six Sigma approach in education

“…The first study conducted by Arafeh focused on administration improvements in schools, while the second study was aimed at improving student performance in academia using the Six Sigma approach. On the contrary, other countries have only published one article, such as Mexico [5], Kuwait [24], Bangladesh [30], China [51], Saudi Arabia [55], and Taiwan [58]. Figure 3 shows the tendencies of the publication year of Six Sigma articles in education.…”

The Six Sigma Approach Improves Teacher Instruction Quality Through Quadruple Helix Model Expectations

“…For instance, the assessment of the teaching quality of teachers is not fully linked to teaching ability (Darling Hammond et al, 2017). Although there are studies evaluating the quality of teaching abroad, the findings of these studies focus more on measuring the quality of teaching in Higher Education Institutions (HEIs) (Ashwin, 2022;Ekawati et al, 2022;MacIel-Monteon et al, 2020;Wang, 2022) Six Sigma Approach in Teacher Teaching Quality Six Sigma is a methodology in the field of total quality management (TQM) (Kamran Moosa and Ali Sajid, 2010) and a concept of quality management towards customer-oriented continuous improvement. Six Sigma is also a technique and tool for solving problems, improving results, and reducing product damage (Yu et al, 2022).…”

“…Previous studies have also proven that the Six Sigma approach can be implemented in educational institutes to improve the quality of education (Ameen Abdulla et al, 2020;Davis and Fifolt, 2018). One of the areas in education that can be improved by applying Six Sigma includes the assessment of teaching quality (Wang, 2022).…”

“…However, past analysis has shown that there is still a lack of research on the Six Sigma approach in measuring and evaluating the quality of teacher teaching. In fact, articles published using the Six Sigma approach for teaching and learning quality improvement are only for lecturers at HEIs (Al Kuwaiti and Subbarayalu, 2015;Vijay, 2013;Vijaya Sunder, 2014;Wang, 2022;Yu and Ueng, 2012). Nonetheless, Siti Hawa and Noor Raudhiah (2017) opined that the quality of teacher teaching in schools is also important and must be emphasized to ensure that the teaching and learning process runs effectively and achieves the goals set in quality education.…”

“…In the context of this study, students are customers of educational institutions and they have needs to be met (Paricio Royo, 2017). The satisfaction desired by students includes satisfaction with the quality of teacher teaching, which is related to factors such as competence and skills in handling the teaching process in the classroom (Olawoyin and Isuku, 2019;Wang, 2022;Yu and Ueng, 2012). Thus, the community plays a role in supporting the new needs of teachers in improving their professionalism.…”