Total Quality Management – MGT510 VU Lesson # 01 OVERVIEW OF QUALITY MANAGEMENT PROFESSIONAL MANAGERIAL ERA (1950) In our present age of market driven capitalism and futuristic knowledge driven economic markets‚ the decision are made and the trends are set by the professional managers. Unlike their predecessors‚ the captains of today’s business do not own their own companies. They must know the whole business but have control over only one small part. They must be product oriented‚ process
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Total Quality Management Total Quality Management is a management approach that originated in the 1950 ’s and has steadily become more popular since the early 1980 ’s. Total Quality is a description of the culture‚ attitude and organization of a company that strives to provide customers with products and services that satisfy their needs. The culture requires quality in all aspects of the company ’s operations‚ with processes being done right the first time and defects and waste eradicated from
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Risk and return are most important concepts in finance. Risk and return concepts are basic to the understanding of the valuation of assets or securities. Return expresses the amount which an investor actually earned on an investment during a certain period. Return includes the interest‚ dividend and capital gains: while risk represents the uncertainty associated with a particular task. In financial terms‚ risk is the chance or probability that a certain investment may or may not deliver the actual/expected
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2011-2012 and FY 2010-11. Compute annualized return and risk. DATA | ANNUALIZED RETURN | ANNUALIZED RISK | Weekly | -16.952 | 36.449 | Daily | -16.241 | 39.347 | Monthly | -11.21 | 30.209 | Comparing this with a suitable peer company‚ Company | Annualized return | Annualized risk | JSP | -11.2154 | 30.209 | TATA STEEL | -4.0020 | 47.202 | OBSERVATION As can be seen from the observations above‚ the stock which gives the maximum return also comes with the maximum risk (TATA STEEL)
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Total Quality Management Quality has been defined by many authors .Some definitions are * Fitness for use –Joseph .M. Juran * Compliances with specific requirement –Philip .B. Crosby * Function of continuous improvement by reducing variability of desired output – Edward Deming * The totality of characteristics of an entity that bear upon its ability to satisfy the stated & unstated needs of the customer - ISO 8402 * Quality is perceived by customers ‚based on his actual
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Return on Equity ((ROE) Return on equity(ROE) refers to he amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation’s profitability by revealing how much profit a company generates with the money shareholders have invested. ROE measures how much the shareholders earned for their investment in the company. The higher the ratio percentage‚ the more efficient management is in utilizing its equity base and the better return is to investors. The numbers
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CHAPTER 22 estimating risk and return on assets 1. WHAT IS RISK? Risk is the variability of an asset’s future returns. When only one return is possible‚ there is no risk. When more than one return is possible‚ the asset is risky. The greater the variability‚ the greater the risk. 2. RISK – RETURN RELATIONSHIP Investment risk is related to the probability of actually earning less than the expected return – the greater the chance of low or negative returns‚ the riskier the investment. Investors
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THE EMINENT RETURN OF CHRIST This has really raised a lot of questions in the hearts of many. When we talk about the return of a person‚ then it means that such a person has come before and yet to come again as being expected by those who know of him. The return of Christ is what many believers have always waited for and this has gone a long way to pattern their lifestyles because of the cost thereof. Before one can wait for a person‚ then such a person must have known and experienced whom he is
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asked for your advice. The three stocks currently held all have b = 1.0‚ and they are perfectly positively correlated with the market. Potential new Stocks A and B both have expected returns of 15%‚ are in equilibrium‚ and are equally correlated with the market‚ with r = 0.75. However‚ Stock A’s standard deviation of returns is 12% versus 8% for Stock B. Which stock should this investor add to his or her portfolio‚ or does the choice not matter? Answer: B‚ Stock B Since she has a portfolio the number
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The Return‚ directed by Andrei Zvygiantsev‚ is a film that is ultimately about the evolving relationship between two brothers who had to grow up without a father. In the beginning of this film the brothers got in petty fights and didn’t take care of each other. The also had a hard time being independent and acting maturely. By the end of the film‚ the boys had learned that if they work together they are capable of surviving on their own and getting things done. They realize that they don’t need their
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