The Most Important Factor in the Success or Failure of TQM

question 110

True/False

The most important factor in the success or failure of TQM efforts is the genuineness of the organization's commitment.

Analyze the effectiveness of strategic focuses, such as quality online customer service, in gaining a competitive edge.

Understand strategy types used by organizations in compensation and growth contexts.

Appreciate the importance of strategic HR planning in achieving organizational goals and competitive advantage.

Acknowledge the role of human resources in creating competitive advantage and the importance of human capital.

---

Definitions:

Compounded Monthly

Interest that is calculated and added to the principal balance once a month.

Family Support

Financial contributions, typically governed by legal or agreement, made to support the wellbeing and upkeep of family members.

Economic Value

The significance of a good or service for individuals or society in terms of its ability to satisfy needs or wants.

25-year Annuity

A financial product that provides a series of payments made at equal intervals over 25 years.