This is because the unifying aspect of TQM being able to make more efficient use of resources, production and plant assets, and also reduce time and cost all make immediate contributions to the financial health of these firms and others like them who adopt these practices.
References
Akdere, M. (2009). The Role of Knowledge Management in Quality Management Practices: Achieving Performance Excellence in Organizations. Advances in Developing Human Resources, 11(3), 349.
Charles R. Emery. (2009). A cause-effect-cause model for sustaining cross-functional integration. Business Process Management Journal, 15(1), 93-108.
Josh Hammond. (2000). The naked truth about business excellence. Total Quality Management, 11(4-6), S666-S673
Jim Walden. (2003). Performance excellence: A QFD approach. The International Journal of Quality & Reliability Management, 20(1), 123-133.
Appendices
Table 1: The Boeing Company Ratio Analysis
Profitability Ratios
12/31/2008
12/31/2007
12/31/2006
12/31/2005
12/31/2004
12/31/2003
12/31/2002
ROA % (Net)
4.73
7.36
3.96
4.51
3.49
1.36
0.98
ROE % (Net)
69.12
59.29
28.04
23.02
19.22
9.07
5.31
ROI % (Operating)
31.53
35.58
17.16
9.74
8.2
1.85
17.49
EBITDA Margin %
8.43
10.93
7.23
7.51
6.35
3.92
9.65
Calculated Tax Rate %
35.72
34.74
32.41
9.41
7.49
-32.18
26.03
Revenue per Employee
374,492
416,742
399,545
358,464
329,017
321,561
327,691
Liquidity Indicators
Quick Ratio
0.3
0.42
0.4
0.39
0.41
0.54
0.44
Current Ratio
0.84
0.86
0.77
0.78
0.72
0.94
0.85
Net Current Assets % TA
-9.22
-7.22
-12.97
-10.36
-10.63
-2.24
-5.65
Debt Management
LT Debt to Equity
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0.83
1.72
0.86
0.96
1.63
1.64
Total...
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