QUALITY MANAGEMENT AND ITS IMPACT ON ENTREPRENEURIAL ACTIVITY
QUALITY MANAGEMENT AND ITS IMPACT ON ENTREPRENEURIAL ACTIVITY

Summary/Abstract: Quality plays a key role in entrepreneurial activity. To become a successful entrepreneur, quality must be put at the forefront of the company's strategic objectives. Quality management can influence different domains of entrepreneurship by improving product quality, customer satisfaction, operational efficiency, and overall financial performance. Product quality is crucial to a company's reputation and success. It is achieved by understanding the market, providing excellent customer service, knowing the customer base, focusing on design, and establishing a quality management system. Measuring product quality can be done by using data regarding defects, and product quality inspections can ensure that products meet pre-specified standards. Finally, every great product possesses some common qualities that contribute to solving our problems and contributing to our daily lives. Quality management can help companies identify and reduce unnecessary costs by eliminating defects and other problems. By implementing quality control measures and continuously improving quality, businesses can achieve increased competitiveness, customer satisfaction and growth, while also contributing to the wider community and environment.

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