StudentShare solutions
Triangle menu
  • Home
  • Subjects
  • Management
  • The relation of quality management and risk management -or- the future of quality management with risk management

The relation of quality management and risk management -or- the future of quality management with risk management - Thesis Proposal Example

Not dowloaded yet

Extract of sample
The relation of quality management and risk management -or- the future of quality management with risk management

Widdop et al (2007, p.2) observes that integrating the two approaches to management requires communication. There is a gap in the existing literature of the lack of a framework of enhancing the integration of quality management with risk management and this is the focus of this study. Developing this integrative framework will make it easy for organizations to manoeuvre these important approaches to management.
According to Williams et al (2006, p.68) risk management intersects with quality management at the point at which it seeks to ensure the effectiveness, efficiency and economy of a business strategy or process. Quality management is the design and execution of products and services with the objective of meeting and preferably exceeding customers’ expectations without the wastage of available resources (Williams et al 2006, p.68). Risk management identifies, prioritizes, addresses, and eliminates potential sources of failure of the services and products to meet their set objectives. In this context, risk management is a pre-emptive, proactive, predictive, and preventive endeavour. After studying a number of companies, Williams et al (2006, p.69) found that reducing risk deltas reduces objective gaps and variation hence increasing process quality.
Kuhn and Youngberg (2002, p.159) asserted quality is one of the important issues in risk-based approach to management alongside health, safety and environment. After examining five organizations, Kuhn and Youngberg (2002, p.159) found that continuous improvement, stakeholder satisfaction, adherence to standards and checks and balances, optimizing the quality of every investor’s dollar and prevention are quality principles and practices that seamlessly fit into risk management. Kuhn and Youngberg (2002, p.160) observe that the Six Sigma is an exemplar case of how to integrate quality management with risk management. For example, he notes that Six Sigma’s DMAIC (Define, Measure, Analyze, Improve, ...Show more

Summary

Williams et al (2006, p.67) argues that the extent of effectiveness, efficiency and economy of a business strategy defines the point at which quality management meets risk management…
Author : jpagac
The relation of quality management and risk management -or- the future of quality management with risk management essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the thesis proposal on your topic
"The relation of quality management and risk management -or- the future of quality management with risk management"
with a personal 20% discount.
Grab the best paper

Related Essays

Project Management in a Matrix Organization
Our society makes exceptionally hard, mostly disputable, but historically inevitable and required restructuring. In social and political spheres, there is transition from totalitarianism to democracy, in economic life there is a switch from command economy to the market.
20 pages (5000 words) Thesis Proposal
Research proposal: Imbedding Ethics as a Risk Management Strategy
In the process, this research will determine which factors promote and reinforce ethical conduct in organizations and will seek the best method on how to incorporate them in a business organization. It is aimed that with the identification of factors that promote ethics in an organization and finding the best method to imbed them in a business organization would make it an effective risk management strategy to avoid and mitigate risks associated with unethical practices.
15 pages (3750 words) Thesis Proposal
Operational risk management based: Evaluating cost and operating efficiency at bank branches
Operational risk is a distinct class of risk different from credit and market risk and is a significant contributor to financial services risk profile. Various approaches have been used in measuring bank’s operational risk exposure.
12 pages (3000 words) Thesis Proposal
Conflict management
Organisational conflict impact negatively on the performance of the organistion .For example if conflicts are not resolved, the employee performance is greatly affected because there will be no team work and collaboration leading to poor performance, time wastage and lack of motivation formal level of work.
1 pages (250 words) Thesis Proposal
Challenges in implementing a Total Quality Management system in a culturally diversified workforce
In the purest form, cultural diversity should not be related to stereotype. If a company cannot effectively implement TQM practices, it will automatically offer services that do not satisfy the customers. This in turn has direct impact on
8 pages (2000 words) Thesis Proposal
Managing email security in organizations; towards an effective risk management
The data and information must be protected from potential misuse or must be concealed from loss, particularly where financial transactions are involved. To protect information,
2 pages (500 words) Thesis Proposal
Finance; Enterprise Risk Management
Enterprise Risk Management (ERM) is a framework that allows businesses to achieve this. ERM has been defined as “A process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the
1 pages (250 words) Thesis Proposal
PhD in Human Resources Management
The proposed study will also look to investigate the impact of performance management on the employees of an organization and whether it
6 pages (1500 words) Thesis Proposal
Data management in cloud environments
This research study would focus on identifying the different data storage systems belonging to both the framework of SQL and noSQL. The study not only outlines the different data storage engines but even brings forth the contrasting elements in such
10 pages (2500 words) Thesis Proposal
Leadership and management
As the following section shows, the existing research has addressed the influence of leadership, motivation, communication and conflict resolution approaches in virtual team leadership. However, a gap exists in the
7 pages (1750 words) Thesis Proposal
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation