Quality Management in Business Assignment Example | Topics and Well Written Essays - 3250 words

Quality Management in Business - Assignment Example What is most important is the way in which a business puts arisen issues to bed such that there will not be a repetition of the same issues. The first part of this paper seeks to identify as well as apply strategies to come up with appropriate solutions. Continuously, well performing companies have come up with ways to be much better in their business. Some companies do believe that waste, scrap as well as defects are a mere cost of running a business. To some extent, they are right because this is a cost. However, this cost can and should be avoided give the reason that it is the cost of poor quality. It adds up once and repeatedly in the form of different currencies; Euros, dollars, pounds, and affects the ability of a company to remain profitable as well as the ability to remain in business. It is always advisable to remember that lack of cash happens to be what kills businesses most eventually. Problem solving art is referred as jidoka by the Japanese. The term simply means plain and simply a method that sports a problem as it arises in business, stopping it as well as analyzing the problem and finally spending time in resolving it such that it will not come up again. The thing involves a continuous culture improvement, which ta kes a great leadership and time. Failure to use effective strategies for solving problems for identification, containing as well as elimination of root causes of the problems has a detrimental and massive impact on business stability and performance. It seriously jeopardizes the competitiveness of the business and its existence as well. Errors are usually made in businesses; issues arise. Too many problems may exist, so how does one know the issue to deal with within the many? The best strategy must be put in place to help in diagnosing and eliminating the causes within the myriad of these issues. To start with, one needs to look for the issue carrying the biggest impact. The method