Economic Case for Quality Abstract
The
Economic Case for Quality (ECQ) is an ASQ essential activity to
address member concerns for
organizational operations and a strategic tool in tomorrow's
business climate.
The
Economic Case for Quality brings new insight into tomorrow's
challenges.
We will
explore how the Economic Case for Quality supports executives in
their business operations.
Many
executives have a high degree of belief that quality contributes
to company profitability and
have a
probability of starting, or expanding, an upcoming business
process improvement initiative.
As such
the Economic Case for Quality stresses that quality
professionals use quality tools and express
results
in financial terms and speak the language of business.
We will
consider that the language of business includes financial costs
and return on investment and
these
terms are used to understand when the investment made in a
particular program will be available
to fund
other business activities.
The
Economic Case for Quality is a powerful strategic tool to
achieve business excellence
and is
one of the most important processes available to quality
professionals and practitioners.
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