What Does Deming's First Point 'Create a Constancy of Purpose

question 2

Essay

What does Deming's first point 'create a constancy of purpose toward improvement of product and service, with the aim to become competitive and to stay in business and to provide jobs' mean?

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Definitions:

Cash Dividend

A payment made by a corporation to its shareholders, usually as a distribution of profits.

Date of Record

The specific date set by a corporation on which the shareholders of record are identified and entitled to receive dividends or distributions.

Shareholder's Investment

The total amount of money that shareholders have invested in a company.

Repurchase

A Repurchase is the act of buying back previously sold assets or securities by the company or issuer.