Understanding Management
Understanding Management
11th Edition
ISBN: 9780357033821
Author: Richard Daft
Publisher: South Western Educational Publishing
Question
Book Icon
Chapter 15, Problem 9DQ
Summary Introduction

To determine:

The importance of benchmarking in TQM programs.

Introduction:

Benchmarking refers to the way by which evaluation is carried on with the help of comparison. The business processes of different companies are compared so that they know where they stand technically. The companies are selected for comparison based on the selected toughest competitors. The comparison is generally made between the factors of time, cost, value, and quality of the organizations.

Blurred answer
Students have asked these similar questions
3. Discuss why is benchmarking an important component of the TQM program? Do you believe a company could have a successful TQM program without using benchmarking?
What is Total Quality Management (TQM)?
Is accuracy a good performance measure in all contexts? Why?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub