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Essay heading: TQM - reference
 
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Issue: Business
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Date added: April 21, 1999
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No of pages / words: 2 / 467
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It has been compared to driving an automobile in a forward direction while looking in the rear view mirror. In today's fast-paced, quick-changing business environment, managers cannot rely on past results as a predictor of future performance. In contrast, TQM is only concerned with current results and ways to improve them...
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In contrast, TQM is only concerned with current results and ways to improve them. Management-by-Exception (MBE) is management by identifying specific targets for management attention and action. It produces short-term results by reacting to immediate problems, but there is no analysis of the processes that produced the problems, so long-term benefits are lost...
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