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Total Quality Management & Theory of Constraints Applied to the Business World  

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Total Quality Management & Theory of Constraints Applied to the Business World Ernesto Lefranc 11/13/2004 Man 4504 Dr. Feldman TQM AND TOC Total Quality Management (TQM) Customers nowadays have become more and more concerned in buying products of good quality. But before one can begin to understand what Total Quality Management is, one must first know what quality is. Quality is the ability to satisfy, or even exceed, the needs and expectations of the customers. Quality is vital for a company to grow, survive and prosper. Nowadays, more and more organizations are placing greater emphasis on quality in order for them to prosper and become successful in their markets. In this essay I will be explaining the different concepts of quality, which are established by different people and then compare these concepts. The First theory to be explained will be Total Quality Management (TQM)....

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