Impact of Using Total Quality Management on the Financial Performance of Companies Listed on the Palestine Exchange

Abstract

Value chains have become more complex because of ongoing globalization and the cost pressure in production and development. As part of these trends, companies must make far-reaching decisions about vertical integration and early-stage supplier integration during product development. Estimations show that suppliers, especially in the automotive industry, already generate 70% to 90% of the value-added. Suppliers play a decisive role in how the product is developed and manufactured, why a functioning supplier integration in the development process is essential for the success of a product. Thus, it is crucial for a company to know which factors make the collaboration a success and which potentials can arise through the integration of suppliers into the own development process. The paper focuses on the research question, how a supplier integration into the own development process can be successfully arranged and what are the main potentials of an early-stage supplier integration. The identification of relevant success factors is done by a large-scale literature study including logistics peer-reviewed journals since the year 2000. Altogether 36 papers could be identified as relevant for this topic. Overall, five main success factors could be identified, which are detailed in the paper: (1) efficient supplier management, (2) strategic partnership and supplier network, (3) overall view of the supply chain, (4) contractual design of the partnership, (5) common interests and goals. The identification of potentials of early-stage supplier integration focuses on cost reduction, innovation and quality improvement, time-to-market reduction and flexibility.

Effects of Total Quality Management (Tqm) on Financial and Non-Financial Performance: Evidence From Higher Educational Sector of Pakistan

“…Prior researchers have argued that these tangibles have a significant influence on organizational overall financial performance. Alatrash (2018) reported that tangible goods, a comfortable workplace environment, convenience in using corporate equipment and appropriate training of new technological equipment have a positive influence on corporate financial performance. Furthermore, Sila (2018) stated that a positive relationship exists between workplace environment, managerial employees, tangible goods, level of comfortableness, and company performance in both financial and non-financial terms.…”

Effects of Rapid Environmental Change and Speed of Decline on Distressed Firms and Turnaround Outcomes

“…It can be argued that rapid environmental changes would influence the deterioration patterns found in struggling organizations. Environmental change that is difficult to predict is more challenging in terms of organizational responses (McCarthy, Ian P and Lawrence, Thomas B and Wixted, Brian and Gordon, Brian R, 2010;Shahri & Sarvestani, 2020;Alatrash, 2018). When facing rapid change, there is less time for decision-making, resource allocations, and other moves that enable firms to respond effectively to the environment.…”