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How Does Serving a Niche Help Organizations Survive

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How does serving a niche help organizations survive?


Definitions:

Quality Management System

A quality management system (QMS) is a structured set of processes and procedures aimed at ensuring that products, services, or operations meet specified quality standards and customer expectations.

Implementing

The process of putting into effect or action a plan, decision, or method.

QMS

Quality Management System, a formalized system that documents processes, procedures, and responsibilities for achieving quality policies and objectives.

TQM

Total Quality Management, a management approach focused on long-term success through customer satisfaction, involving all members of an organization in improving processes, products, services, and culture.

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