TQM is a philosophy of management driven by the constant attainment of customer satisfaction through continuous improvement of all organizational processes‚ including employee participation‚ teamwork‚ and leadership. There are five key principles: -MANAGEMENT COMMITMENT 1) Plan (drive direct) 2) Do (deploy‚ support‚ and participate) 3) Check (review) 4) Act (recognize‚ communicate‚ revise) -EMPLOYEE EMPOWERMENT 1) Training 2) Suggestive Scheme 3) Measurement +
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Balfour Beatty Construction is a commercial construction company that was formulated in 1933. The headquarter of the company is in Dallas‚ Texas and service office in U.S. the parent company of the Balfour Beatty Construction is Balfour Beatty which is a London based group. The group is a world class construction‚ services and engineering organization. The competitive and strategic position of the company can be assessed by the management tools including SWOT and PESTLE analysis. The expertise of
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" Construction industrie is considered one of the biggest industries in the world. It is all about preparations‚ it is about creating‚ building‚ or reparing an already existing building. Constructions insists of heavy and or civil engineering. Lebanon’s construction is one the most attractive and important sectors in the country‚ despite the political and economic pressure‚ it remains great for all local‚ arab and outside countries investors. In every inustry there are the 5 forced of porter’s that
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Global Agenda Council on Logistics & Supply Chain Systems 2012-2014 Outlook on the Logistics & Supply Chain Industry 2013 July 2013 Published by World Economic Forum‚ Geneva‚ Switzerland‚ 2013 All rights reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means‚ electronic‚ mechanical‚ photocopying‚ or otherwise without the prior permission of the World Economic Forum. World Economic Forum 91-93 route de
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Value-chain analysis is used for many purposes‚ but the process of examining customers’ value chains is relatively new. In our five-step process‚ Step 1 explains how internal and external value chains can be used separately and in related ways. Step 2 shows how to construct a customer’s value chain. Step 3 shows how to identify the customer’s business strategy by examining this value chain and using other kinds of information. Step 4 explains how to use additional information and intelligence
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Prepared By : Nithinlal.M PGDM ’13-‘15 Reg No : PG13027 Industry Overview Approximately 95% of India’s international trade by volume and 70% by value are seaborne. India has 11 major ports‚ 19 Medium port‚ and 187 minor ports along 7‚517 km long Indian coastline. It is strategically located as a major maritime nation due to its long coastline that flanks important global shipping routes. The National Transport Policy Committee (1980) recommended the following principles for
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Culture really plays an important factor for an individual in making decision especially for individual that involves in construction industry. In construction industry‚ focusing on the payment process‚ involves a lot of culture and attitude that will give impact to the progress of the project. Yitmen and Taneri (2005) viewed culture as a really strong element that can determine the overall effectiveness and success of a firm because it can affects all aspects of life from the way of the interaction
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Egan Report - Has the construction industry met its goals? This essay is written in particular reference to the emerging use of BIM software solutions. Sir John Egan made several remarks based on the findings of his original report in 1998 and the progress of the construction industry in the 10 years since in his 2008 address. The purpose of this essay is to look at some of the main points raised by Egan in his 2008 address and evaluate their relevance with regard to the structure and practices
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Michael Porter’s Value Chain History of Value Chain • Popularized by Michael Porter’s book best seller “Competitive • • Advantage” 1985 Creator of “5 Forces model” Helped Gereffi in the late 1990s develop Global Value Chain. Michael Porter’s Background • Born May 23‚ 1947 in Ann Arbor‚ Michigan • Received MBA in 1971 Harvard Business School • Competition and company strategy • 6 time winner of the McKinsey Award Value • The Value is the extent to which a good or service is perceived by
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philosophy behind supply-chain management and the specific practices that Li & Fung has developed to reduce costs and lead times‚ allowing its customers to buy "closer to the market." Li & Fung‚ Hong Kong ’s largest export trading company‚ has been an innovator in global supply-chain management. Li & Fung has also been a pioneer in "dispersed manufacturing." It performs the higher-value-added tasks such as design and quality control in Hong Kong‚ and outsources the lower-value-added tasks to the best
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