The Total Quality Management And Its Relationship With Cost Accounting

The total quality management and its relationship with cost accounting.

The Strategic Management Model in Figure 1 is provided to show the elements required for the strategic management of an organization. Since the implementation of TQM is a competitive strategy, it supports the organization’s vision. Vision provides direction to an organization. In a TQM environment, this direction is action oriented, indentifying where the organization is going and the strategies and action plans detailing how the organization will get there.

Reason of Failure 9: Lack of Measurements or Erroneous Measurements

The five P’s are: Purpose, Principles, Processes, People and Performance.

4. The Role of Managerial Accounts in the Successful Implementation of TQM

Understand the various systems and processes and how they impact each other.

Eliminate items which do not add value including unnecessary bureaucracy.

Human Resources Issues and Processes – Training, Rewards and Recognition, Performance Appraisals, Job Descriptions.