Pros And Cons Of Total Quality Management
First thing that should be reviewed is the current structure of business. If there is not already a cohesive style of management going on one should be implemented. There are many styles of management depending on the types of business and pros and cons of each.
For a large or growing company one may choose Total Quality Management for example. With this style there is a focus on quality, productivity, and decreasing costs at the same time. (Journal of Business Ethics) To look at this in perspective, a company that focuses on quality while keeping costs low is able to have a strong business and decent growth. In that regard, a business with positive growth can pay good workers and gain the desired productivity to keep the business growing. Employees are going to be happy to receive a decent paycheck and will also feel stable in a company that is doing well