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Common Principles of Quality Management and Development Economics

Summary: Three principles seem to be basic for quality management and economic growth in rich and poor countries. (1) Improvements in quality of life are built on improvements in work methods. (2) Improvements occur most often where they are expected, supported, and rewarded. (3) Continual improvements are necessary just to stay even. In this article, these three principles are illustrated and tied to literature in both quality management and the economics of development and growth.

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  • Topics: Quality Management
  • Keywords: Economics,Education,Financial industry,Government,Quality of life,Quality management (QM)
  • Author: Graves, Spencer B.
  • Journal: Quality Management Journal