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Capstone. TQM/ Sustainability. Process Management. TQM Initiatives. TQM/Sustainability Impacts. Where to spend money?. For sustainable strategic advantages Examples: High end differentiation Concurrent engineering, QFD, UNEP Green programs, etc.
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Capstone TQM/ Sustainability Gary Whitney
Where to spend money? • For sustainable strategic advantages • Examples: • High end differentiationConcurrent engineering, QFD, UNEP Green programs, etc. • Low cost leaderCPI, JIT, Benchmarking, channel support, etc. • Market share phase twochannel support, JIT, CPI
How much money? Diminishing returns Ineffective Optimum in one year
How much cumulative money? Results in two or three years. Results 5,000,000
TQM Decision Entry Enter tentativedecisions here. See range ofpossible resultshere
TQM Summary • Select initiatives that reinforce your strategy to create sustainable competitive advantage. • Optimize spending levels • Well selected TQM spending will definitely pay off!