Quality Management Systems: Benchmarking, ISO, and TQM
Quality Management Systems and Entrepreneurship
Benchmarking
Benchmarking: A systematic process of comparing your organization’s goods, services, and practices against industry leaders worldwide. This helps you gain information to improve your performance.
ISO Standards
ISO 9000
ISO 9000: A set of international standards on quality management developed to help companies document the quality system elements to be implemented to maintain an efficient quality system. Created to implement a set of standards
Read MoreEconomic Backwardness & Industrial Revolutions
Relative Backwardness in Economies
Some of the countries considered to have backward economies are Sweden, Norway, Denmark, Holland, Italy, Spain, Portugal, and Russia. In backward economies, the biggest sector is agriculture, with higher income and employment. Backward economies’ growth is analyzed in the Gerschenkron model. Gerschenkron states that the slow growth of these countries is due to a lack of prerequisites to generate economic growth in the industrial sector. The more likely certain conditions
Strategic Management: Key Concepts and Insights
Strategic Management: Key Concepts
9) Strategic management focuses on organizational success.
12) Strategic management is crucial in the face of uncertainty.
14) Firms, like organisms, must adapt to survive.
16) Application of strategic principles is well-established in organizations.
17) To be effective, strategic management involves resolving key issues.
19) All firms face dynamic and sporadic challenges.
21) The strengths and weaknesses of a firm must be evaluated relative to its competitors.
34) The
Read MoreThe New Deal and the 1929 Stock Market Crash: Causes and Effects
The New Deal: A Response to Crisis
The New Deal was a policy that resonated deeply with the crisis of the Great Depression. Implemented by President Franklin D. Roosevelt in the U.S., it fundamentally altered aspects of classical capitalism. Roosevelt’s overwhelming victory over Hoover in the presidential election signaled a radical shift in U.S. policy. A progressive thinker, Roosevelt was one of the most popular presidents in U.S. history, being re-elected four times.
His greatest achievement was
Read MoreUnderstanding Organizational Culture, Social Responsibility, and Evolution
Organizational culture encompasses enduring behavioral guidelines that shape its functions. These functions include:
- Transmitting a sense of identity to members of the organization.
- Facilitating greater commitment.
- Reinforcing the stability of the social system.
- Providing recognized and accepted approaches to decision-making.
Social Responsibility in Business
Prior to the 1960s, social responsibility was not a prominent concern. However, social activists of that era began to question the purely economic
Read MoreCorporate Social Responsibility and Workplace Productivity
T9: Work Climate and Internal Relationship Development
1. Corporate Social Responsibility (CSR)
In 1995, Jacques Delors, President of the European Parliament, founded CSR Europe, a non-profit organization with 75 member multinational corporations. Its mission is to achieve profits, sustainable growth, and human progress through the integration of social responsibility and corporate management.
The concept of CSR appeared in the USA at the beginning of the 60’s with the Vietnam war and other conflicts,
Read More