Total Quality Management
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This paper considers what the benefits of total quality management (TQM) are to a company. To begin, the paper defines the exact style and make-up of TQM, including noting the three main ideas of the style. This is followed by a comparison of TQM with traditional management styles. The paper takes into consideration the current business environment, in order to show that TQM offers what many organizations are looking for in the current environment dominated by globalization and high levels of competition. Finally, the benefits of the strategy for the company Escrow are discussed, including a consideration of how the company should implement the style.
From the Paper:"Beyond these basic ideas, the question of how a TQM company is managed depends on the company and the situation. As noted, TQM is not a set of specific guidelines that determine behavior, but rather a set of broad principles that need to be applied. However, there are some aspects that are relatively common in TQM companies. The first is related to the idea of continuous improvement, which is an idea that means everyone in the company is focused on finding ways to improve. This aspect means that the TQM company has a bottom-up process of change where ideas for changes come from the lowest levels instead of just coming from the upper levels of management."
Cite this Essay:
Total Quality Management (2003, July 16) Retrieved April 14, 2021, from https://www.academon.com/essay/total-quality-management-29132/
"Total Quality Management" 16 July 2003. Web. 14 April. 2021. <https://www.academon.com/essay/total-quality-management-29132/>