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:8/22/2017)... (PRWEB) , ... August 22, 2017 , ... ... heart-wrenching story of child abuse and neglect, and the struggles faced while hoping ... is the creation of published author, Judy Von Bernewitz, who spent 13 years ...
(Date:8/22/2017)... , ... August 22, 2017 , ... ... Stewart is the Founder and Managing Member for t4 Leadership Development & Consulting. ... critical to his definition of “success”: physician leadership development, servant leadership, data driven ...
(Date:8/22/2017)... ... 22, 2017 , ... Although Labor Day is not as popular for fireworks ... weekend displays, and numerous households celebrate the unofficial end of summer with backyard fireworks ... pets. , Kris Zambo, owner of Dynamite Fireworks in Hammond, Indiana, ...
(Date:8/21/2017)... ... August 22, 2017 , ... The National ... a 2017-2018 inductee into its VIP Woman of the Year Circle. She is ... leading networking organization exclusively for professional women, boasting more than 850,000 members, a ...
(Date:8/21/2017)... ... August 21, 2017 , ... ... has become the Official Technology Partner of North Country Region Volleyball and will ... Systems) volleyball software, along with providing sport management software to their member clubs. ...
Breaking Medicine News(10 mins):
(Date:8/17/2017)... N.J. , Aug. 17, 2017 Bio-Ess Laboratories, LLC Chief ... increase antibody titer and present new data on Cell-Ess® Universal ... in Boston, MA August 21-25.  The Bioprocessing Summit ... today,s bioprocess challenges. ... and Optimizer ...
(Date:8/15/2017)... 2017 AccuGenomics, Inc., a diagnostic company based ... that the company has provided an AccuKit to the ... at Chapel Hill and to Qura Therapeutics for evaluation ... quantify HIV reservoir and viral expression in human CD4+ ... Cure Center is a joint initiative between the University ...
(Date:8/10/2017)... , Aug. 10, 2017  Physical Rehabilitation Network (PRN), acquired ... Lakewood, Colorado . The reputable clinic will ... , PT, DPT with his staff of four clinicians. Lipkin ... Pittsburgh and brings over 10 years of experience with a ... Belmar PT marks the 10th PRN clinic in and around ...
Breaking Medicine Technology: