This paper addresses key issues of successful Innovation and Quality Management (QM). The paper contributes to the theory and practice of using Total Quality Management (TQM) aspects to enhance innovation, quality and success. It concludes that indeed QM is required for Innovation. The main objective of this paper is to highlight cooperative strategies and structures employed through Management for successful innovation.
The ASQ's survey on ‘People Equity' (2005) in their ‘Economic Case for Quality' (2007) shows that “If quality initiatives are to succeed they cannot be confined to a few people with ‘quality' responsibilities”. Yes it is true that QM is essential to any successful innovation as there is a direct relationship between QM and innovation. As a young graduate with Engineering Management and newly employed by a startup firm in Silicon Valley, I intend to use TQM as an aspect of ensuring successful innovation.
[...] Thus, economic policies determine the amount of money that the government will spend in order to effectively carry out the different social policies. If this is the case, what economic policies then should a country adopt? What economic theory or perspective should the State carry out? At this point, it is therefore important for a State to adopt an economic stance and policies that lead towards a more or less stable economic situation so that the general welfare be secured through effective implementation of social policies. [...]
[...] Mueller, D. C. (2003). Public Choice III. Cambridge: Cambridge University Press. Sawyer, P. A. (2004). Re-examining monetary and fiscal policy for the 21st century. Northampton: Edward Elgar Publishing. [...]
[...] In the early 20th century John Maynard Kaynes developed a body of theory that would allow the government to achieve these ends. Economics plays a major role in the creation of social policies. Consequently, this is also to note that social policies are intertwined with, if not greatly dominated by economic policies. Logically speaking, a government will always assess, evaluate and set an amount that it is able and willing to spend for the delivery of welfare services. Macroeconomics concerns such as public spending affects the framework from which social policies will be established. [...]
[...] In a sense, it also implies a complementary relationship between the private sector and the public sector as represented by the government. Hence, an economic activity where private sectors are participants on one hand, and where there is government intervention on the other hand, is a very viable solution to the different social problems engendered by unemployment. Thus, a well-crafted set of social and fiscal policies will enhance the welfare of both current and future generations (Sawyer, 2004). Works Cited Barr, N. (2004). The Economics of the Welfare State. Oxford: Oxford University Press. [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee
