Navigation Links
Measuring and Demonstrating the Value of Quality Initiatives

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: . 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:

For more information, contact Grant Houston, Research Analyst at (919) 767-9182 or, or visit Corporate Website:


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

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. 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:
(Date:11/29/2015)... ... ... Effective immediately, every single IguanaMed scrub style will be available at Target via ... “Buy One Scrub Set, Get the 2nd Scrub Set 50% Off” for a limited ... price. , IguanaMed’s mission is to outfit every healer around the world ...
(Date:11/28/2015)... , ... November 28, 2015 , ... Safe storage for ... of two inventors, one from Lakewood, New Jersey and the other from Bradley Beach, ... patent-pending PROTECTOR to save the expense of having to replace NuvaRings more often than ...
(Date:11/28/2015)... ... November 28, 2015 , ... Pixel Film Studios is back again ... choose from, the possibilities are endless. Users have full control over angle of view, ... masking effects, users are sure to get heads to turn. , ProPanel: Pulse offers ...
(Date:11/27/2015)... ... 27, 2015 , ... According to an article published November 6th ... the University of British Columbia suggested that laws requiring bicyclists to wear helmets may ... part of the reason for the controversial conclusion is that, while helmets have certainly ...
(Date:11/27/2015)... , ... November 27, 2015 , ... A team of ... ways to treat it. Surviving Mesothelioma has just posted the findings on the website. ... Hospital Zurich analyzed the cases of 136 mesothelioma patients who were treated with chemotherapy ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... 2015 ) ... "Radioimmunoassay Market by Type (Reagents & Kits, ... Clinical Diagnostic Labs), Application (Research, Clinical Diagnostics), ... report to their offering. --> ... of the "Radioimmunoassay Market by Type ...
(Date:11/25/2015)... 2015 ... "Global Brain Monitoring Devices Market 2015-2019" ... ) has announced the addition ... Market 2015-2019" report to their offering. ... ) has announced the addition of ...
(Date:11/25/2015)... THOUSAND OAKS, Calif. , Nov. 25, 2015 /PRNewswire/ ... of a Biologics License Application (BLA) with ... Administration (FDA) for ABP 501, a biosimilar candidate to ... the first adalimumab biosimilar application submitted to the FDA ... biosimilar pathway. Sean E. Harper , M.D., ...
Breaking Medicine Technology: