Quantitative Approach to Management
Interactive Video
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Business
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University
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Hard
Wayground Content
FREE Resource
The video discusses the use of quantitative techniques in managerial decision making, highlighting the origins and impact of Total Quality Management (TQM). Initiated by Edward Deming, TQM gained prominence in Japan post-WW2, emphasizing continuous improvement and the Japanese philosophy of Kaitsen. This approach later spread to the US in the 1980s, demonstrating its effectiveness in improving product quality.
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