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What Is the Purpose of the Malcolm Baldrige Award? Describe

question 52

Essay

What is the purpose of the Malcolm Baldrige Award? Describe the application and evaluation process,and list the seven characteristics that companies are scored for in the examination.


Definitions:

Specific Procedure

A distinct method or series of steps designed to achieve a particular outcome in medical treatment or another field.

Client Details

Specific information regarding clients or customers, such as personal data, preferences, interactions, and history of transactions or services rendered.

Medical Practice

The engagement in providing healthcare services, including diagnosis, treatment, and preventive care, by certified medical practitioners.

Net Worth

Assets minus liabilities, which demonstrates the value of a business.

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