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The evolving scope and impact of total quality management in leading South African companiesWeitz, Kevin Walton 06 1900 (has links)
The objective of the study was to quantify the evolving scope of quality
management as practiced in a sample of companies in South Afiica, and to correlate this with corporate profitability.
The empirical data in this study suggests that a more extensive scope of
application and practice of quality management and related management
practices is related to better organisational profitability.
The significant correlations which were demonstrated are:
• A focus on results by companies is inversely correlated with Operating
Profit Margin.
• Quality training, employee communications and internal coordination
correlates positively with Net Profit Margin.
• The rigorous use of quality standards correlates positively with Net Profit
Margin.
• Quality control and monitoring correlates positively with Return on
Equity.
Recommendations flowing from this study include that a broader
paradigm of quality management is required, expressed as an
integrated model for innovation and change which is holistic rather
than fragmented. / Economics / M. Com. (Business Economics)
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The evolving scope and impact of total quality management in leading South African companiesWeitz, Kevin Walton 06 1900 (has links)
The objective of the study was to quantify the evolving scope of quality
management as practiced in a sample of companies in South Afiica, and to correlate this with corporate profitability.
The empirical data in this study suggests that a more extensive scope of
application and practice of quality management and related management
practices is related to better organisational profitability.
The significant correlations which were demonstrated are:
• A focus on results by companies is inversely correlated with Operating
Profit Margin.
• Quality training, employee communications and internal coordination
correlates positively with Net Profit Margin.
• The rigorous use of quality standards correlates positively with Net Profit
Margin.
• Quality control and monitoring correlates positively with Return on
Equity.
Recommendations flowing from this study include that a broader
paradigm of quality management is required, expressed as an
integrated model for innovation and change which is holistic rather
than fragmented. / Economics / M. Com. (Business Economics)
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