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Added on: 0000-00-00 00:00:00Order Code: Question Task Id: 0
Internal Code : MAS977
Management Assignment
Questions :
1.Businesses use quality management systems to improve the efficiency of their processes, which can help increase profitability. Total Quality Management (TQM) systems use a variety of tools and theories to empower employees, build a team atmosphere and focus on the voice of the customer to deliver quality products on time to customers. While external and internal customers are the focus of TQM systems, briefly explain how a continuous improvement approach impacts on employees and organisational processes.
Risk is defined as an uncertainty of outcome, whether positive opportunity or negative threat. The identified risk likelihood and impact has to be assessed.Risk management includes identifying and assessing risks and then responding to them. Risk is unavoidable, and every organisation needs to take action to manage risk in a way which it can justify to a level which is tolerable. Briefly describe 2 ways an organisation’s internal controls can deal with risk.
Uploaded By : Jessica
Posted on : January 05th, 2018
Downloads : 4
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