Management

Cost of Quality Formula, Meaning, Types, Indirect

Cost of quality is the amount of money a business loses because its product or service was not done right in the first place. From fixing a warped piece on the assembly line to having to deal with because of a malfunctioning machine or a badly performed service, businesses lose money every day due to poor quality.

What is Group Discussion?

A group discussion is a means of interaction within or between various teams in an organization. It often plays an essential role in determining managerial success. This practice is common in competitive exams and job interviews, serving as a standard component towards the end of an interview that shortlisted candidates must participate in.

International Organization for Standardization ISO 9000

The International Organization for Standardization – ISO 9000 standard was developed owing to a need by organisations to assess the to assess the capability or maturity of their sub-contractors. The approach taken before the definition of the standard was that organisations who wished to have confidence in the capability of contractors developed their internal quality standard.

Career Management in hrm Process, Models, Role

Career management combines structured planning and the active management of one’s professional career. It was first defined in a social work doctoral thesis by Mary Valentich as implementing a career strategy through applying career tactics concerning chosen career orientation.

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