Understanding Total Quality Management (TQM) and TPM
Total Quality Management (TQM)
TQM is an approach to the management of quality that covers all parts and people of an organization to influence and improve the quality of products and services continuously for customers. It examines the interconnections within the organization to set a strategy and develop partnerships with employees and suppliers.
Key Principles of TQM
Quality Emphasis: TQM emphasizes quality as the key performance indicator for improvement, understood as a constant consistency between
B2B Marketing: Brand, Communication, and Distribution
Brand Positioning in B2B Marketing
A strong brand can be a key success factor in an increasingly competitive market. Brand building is a crucial activity. Here are some dimensions that refer to a brand:
- Visual Identity
- Brand Purpose
- Brand Personality
- Brand Communication
Co-branding and referrals are also very important in B2B.
The 4 P’s in B2B Marketing
What differentiates the product in a B2B market context?
- Product Offering: Manage the product offering throughout its lifecycle.
Adaptation cycle: physical
Read MoreEU Integration: Impact on Spain and Global Shifts
European Union Major Policy Issues
The UK initially stayed out of the European Economic Community (EEC), prioritizing free trade and maintaining relationships with its own colonies over closer ties with Europe.
EU Pillars
- Community Treaties: Supranational institutions and powers, representing areas where states transferred sovereignty.
- Common Foreign and Security Policy (CFSP): Focused on foreign relations and security.
- Justice and Home Affairs: Included projects like the creation of Europol.
Operation
Read MoreKey Areas of Human Resource Management
Training and Development
Training and development in human resource management are educational and skill-building activities intended to improve employee knowledge and skills. These activities aim to sharpen employees’ existing skills and impart new knowledge. An effective training and development program is designed based on an analysis of an organization’s training needs to improve employee performance.
Organizational Development
Organizational development can be defined as an objective-based methodology
Read MoreFixed Assets Depreciation & Business Operations
Fixed Assets Depreciation
Depreciation method of the downward-digit numbers, and that by paying more initially decreases the benefit in the long run, which is favorable for the company in the Income Tax. In addition, the company also benefits when it comes to getting a loan.
Ratios
- Sales / Plant & Machinery
- Sales / Assets
- Sales / Cost of sales
- Sales / Staff costs
- Staff costs / Sales
Market Interest Rates
Interest rate financial market l/p = 4.01%; c/p = 1.51%. Cumulative inflation rate = 1.50%. Corporate
Read MoreManagement Models: Taylor, Ford, Toyota, and Fayol
The Importance of Management Models
Question: How important are management models for an organization? Justify your answer.
Answer: Management models are crucial for organizations striving to achieve their objectives and increase profits. These models provide a framework for improving management processes and achieving desired results.
Comparing Taylor, Ford, and Toyota’s Models
Question: Are the ideas of Taylor, Ford, and Toyota still relevant? Justify your answer and compare each of these models (
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