TQM gets more attention from management when the economic cycle is up and the operating company has more money to use on the concept.

Question

Quizplus · Accepted Answer

TQM (Total Quality Management) is a continuous, comprehensive management approach that focuses on quality improvement across all areas of an organization. It is not dependent on the economic cycle or the financial status of a company. In fact, TQM principles emphasize efficiency and effectiveness that can lead to cost savings and better resource utilization, making it equally relevant during economic downturns when companies are looking to improve operations and reduce waste.

TQM Gets More Attention from Management When the Economic Cycle