What is Quality?
"The totality of features and( characteristics of a product or service that bear on its ability to satisfy stated or implied needs."
-Kotler
“Quality must provide goods and( services that completely satisfy the needs of both internal and external customers. Quality serves as the "bridge" between the producer of goods or services and its customer.”
-Johnson & Weinstein
“Quality is( consistent conformance to customer’s expectations.”
–Stack et al
( “Quality is a predictable degree of uniformity at a low cost with a quality suited to the market.”
-Deming
“Higher quality has a beneficial( effect on both revenues and cost.”
-Gummesson
Why Quality Matters?
In this increasingly competitive world, customers are in a position to demand forever increasing levels of service and quality. Rather than simply react to their demands, successful companies are proactive in the way they manage quality and continuously seek to improve levels of customer satisfaction.
The global market is becoming more competitive every( day.
Companies continually search for new ways to gain an edge over their( competitors around the globe.
Global competition and deregulation in a( number of industries is forcing companies to turn to quality in order to survive.
Quality is our best assurance of customer allegiance, our( strongest defense against foreign competition, and the only path to sustained growth and earnings (Welch).
Perhaps the most important reason for( pursuing quality is that Quality Pays (Deming).
Research shows a( relationship between quality, market share, and return on investment.
( Higher quality yields a higher return-on-i ...