Navigation Links
Measuring and Demonstrating the Value of Quality Initiatives
Date:6/20/2008

CHAPEL HILL, N.C., June 20 /PRNewswire/ -- Quality initiatives can pay off for organizations, although developing reliable measures to link quality to financial results is difficult. But the more mature the quality programs, the greater an organization's ability to link business outcomes to specific quality metrics, according to recent research from benchmarking leader Best Practices, LLC.

The study found 86 percent of the firms that described their quality programs as mature/world class had established a correlation between cash flow and a specific quality metric. Only 57 percent of the study's total benchmark class, however, was able to make the same claim.

The study, Measuring and Demonstrating the Value of Quality Initiatives, delivers insights that will assist quality leaders in developing mechanisms to demonstrate the value of quality initiatives to organizational stakeholders.

To review the study's key topic areas or a complimentary excerpt, click or paste this link into your browser: http://www3.best-in-class.com/dr318.htm . The study was based on survey results and interviews with 28 companies, including, 3M, Becton Dickinson, GlaxoSmithKline, Kraft, MetLife, J&J and Xerox.

Some of the study's other findings include:

-- 100 percent of mature quality organizations employ benchmarking to drive operational improvements, nearly 20 percent more than average performers.

-- 89 percent of mature quality organizations employ Kaizen -- continuous improvement tactics -- nearly 30 percent more than less mature quality-driven firms.

The study is just one example of the wealth of insightful research that's available in the Best Practice Database, an online resource containing more than $30 million in proprietary research conducted on behalf of executives from Fortune 500 companies. You can use this tool to quickly locate studies that identify best practices and metrics in the areas most important to you and your company. To have a better understanding of Best Practices Database, sign-up for a complimentary tour by clicking here: http://www3.best-in-class.com/dw212.htm

For more information, contact Grant Houston, Research Analyst at (919) 767-9182 or ghouston@best-in-class.com, or visit Corporate Website: http://www3.best-in-class.com

ABOUT BEST PRACTICES, LLC

Best Practices, LLC, a pharmaceutical research and consulting firm, conducts work based on the principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class organizations. For more information, call 919-403-0251 or visit http://www.best-in-class.com/.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Study says COPD testing is not measuring up
2. Hot ice, measuring depression, perfect invisibility and flu vaccine incentives
3. Mastering Challenges & Measuring Successes for Quality Initiatives in Sales, Marketing and Product Development
4. PDSS reliable in measuring impact of sleep disorders on teens academic performance
5. PET Scans Best for Measuring Response to Sarcoma Treatment
6. MEDIA ALERT: Eularis to Address Marketing Return at Measuring Marketing ROI in Pharma Conference in London
7. Measuring medicine: How new technologies could help doctors predict patient outcomes
8. EpiCept Releases New Data Demonstrating Prolonged Five-Year Leukemia-Free Survival for AML Patients Treated with Ceplene(TM) + IL-2
9. Cardica Announces Live Webcast Demonstrating Breakthrough Device to Facilitate Beating Heart and Robotic Coronary Revascularization Surgery
10. iGuard.org Presents New Data on Statins at FDA Workshop Demonstrating How Patient-Reported Information Can Enhance Drug Safety Knowledge
11. Demonstrating the Value of Benchmarking in an Uncertain Economy
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... June 19, ... the dangers associated with chronic pain and the benefits of holistic treatments, Serenity ... who are suffering with Sickle Cell Disease. , Sickle Cell Disease (SCD) is a ...
(Date:6/24/2016)... ... June 24, 2016 , ... Global law firm Greenberg Traurig, ... Elite. The attorneys chosen by their peers for this recognition are considered among the ... Traurig Shareholders received special honors as members of this year’s Legal Elite Hall of ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Topical BioMedics, Inc, makers of Topricin and MyPainAway ... call for a minimum wage raise to $12 an hour by 2020 and then adjusting ... restore the lost value of the minimum wage, assure the wage floor does not erode ...
(Date:6/24/2016)... (PRWEB) , ... June 24, 2016 , ... ... Living, is proud to recognize Dr. Barry M. Weintraub as a prominent plastic ... most beautiful women in the world, and the most handsome men, look naturally ...
(Date:6/24/2016)... ... June 24, 2016 , ... National recruitment firm Slone ... executive with extensive sequencing and genomics experience, as Vice President of North American Capital ... will be responsible for leading the sales team in the commercialization of the HTG ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Research and Markets has announced the ... report to their offering. ... favourable commercial environment for MedImmune to enter. The US ageing ... serve to drive considerable growth for effective anti-influenza medications. The ... sales considerably, but development is still in its infancy. ...
(Date:6/23/2016)... RIDGE, Ill. and INDIANAPOLIS ... of students receiving a Lilly Diabetes Tomorrow,s Leaders Scholarship ... The 2016 scholarship winners, announced today online at ... to let type 1 diabetes stand in the way ... Diabetes has supported the Foundation,s scholarship program since 2012, ...
(Date:6/23/2016)... N.J. , June 23, 2016  Guerbet announced ... Premier Inc.,s Supplier Horizon Award . ... year, Guerbet was recognized for its support of Premier ... creation through clinical excellence, and commitment to lower costs. ... to receive this recognition of our outstanding customer service ...
Breaking Medicine Technology: