The Relationship between Cost Leadership Strategy, Total Quality Management Applications and Financial Performance

Purpose The purpose of this paper is to analyze the relationship between innovation and total quality management (TQM), and also to identify the effects of innovation on organizational performance. This research proposes a conceptual model that intends to study several research hypotheses. Design/methodology/approach The data were obtained through an online questionnaire, sent to small- and medium-sized Portuguese companies, having being conducted the study based on responses received from 287 valid questionnaires, and using a multivariate statistical analysis for statistical development. Findings The findings indicate that companies that adopt strategies of process innovation get improvements in their performance, both operationally and financially, while product innovation only provides improvements in the financial performance of organizations. It was also found that TQM practices encourage the definition of innovation strategies of products and processes. On the other hand, it was found that only companies that adopt innovation strategies of their processes promote the adoption of TQM practices, and there is a statistically significant relationship between product innovation and the implementation of TQM practices. Originality/value This research analyzed the dimensions studied in different aspects. It considered product innovation and process innovation, and with respect to performance, this dimension was analyzed through two different perspectives, namely, financial performance and operational performance. This research also provides a particular contribution to the literature with the analysis of the interdependencies between innovation and TQM in small- and medium-sized Portuguese companies.

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PENGARUH PENERAPAN TOTAL QUALITY MANAGEMENT TERHADAP KINERJA KEUANGAN DENGAN SISTEM PENGUKURAN KINERJA SEBAGAI VARIABEL MODERASI PADA CV MUTIARA ABADI SEMARANG

Jurnal Aktual Akuntansi Keuangan Bisnis Terapan (AKUNBISNIS) ◽

10.32497/akunbisnis.v3i1.1965 ◽

2020 ◽

Vol 3 (1) ◽

pp. 01

Author(s):

Nindiya Sidha Kumala ◽

M. Th Heni Widyarti

Keyword(s):

Quality Management ◽

Total Quality Management ◽

Performance Measurement ◽

Financial Performance ◽

Measurement System ◽

Performance Measurement System ◽

Accounting System ◽

Total Quality ◽

Strategic Objectives ◽

The Relationship

The optimal application of TQM must be followed by the application of elements from the management accounting system, one of which is the performance measurement system because it can help the achievement of strategic objectives and short-term goals of the company. This research aims to analyze the effect of implementing Total Quality Management on financial performance with a performance measurement system as a moderating variable on CV Mutiara Abadi Semarang. Data analysis method used is Moderated Regression Analysis to determine the effect of moderating variable. This research shows that Total Quality Management has a significant effect on financial performance, the performance measurement system has no significant effect on financial performance and the performance measurement system does not moderate the relationship between Total Quality Management and financial performance.

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Corporate entrepreneurship and financial performance of PSX listed manufacturing firms. Do the alliance formation orientation and total quality management matter?

10.34091/jass.13.1.04 ◽

2020 ◽

Author(s):

Saria Ghulam Hassan ◽

Muhammad Haroon Hafeez ◽

Seerat Fatima ◽

Madiha Riaz

Keyword(s):

Quality Management ◽

Total Quality Management ◽

Financial Performance ◽

Corporate Entrepreneurship ◽

Statistical Technique ◽

Manufacturing Firms ◽

Mediating Effect ◽

Alliance Formation ◽

Total Quality ◽

The Relationship

The prime objective of the current study is to examine the relationship between corporate entrepreneurship and FP of manufacturing firms listed in PSX. In addition to that, the mediating role of alliance formation orientation and total quality management in the relationship between corporate entrepreneurship and FP of manufacturing firms listed in PSX is also examined. Using random sampling, the final sample appeared as 347. To answer the research questions, we have used PLS-SEM statistical technique. The reason behind using this technique primarily that the aim of current study is to check the weather there is any mediating effect on relations. The second foremost reason of using this technique is that there is no issue if the data is normally distributed or not. Mostly reaches of social science indicates the normality issue in data. So, for such studies PLS is the more appropriate technique, because it can easily handle the abnormal data. The response rate of present study is 63.2% which is significantly high. The survey results have supported the hypothesized results. This study is among the pioneer studies on the issue and will be beneficial for researchers and policy makers. Keywords: Corporate entrepreneurship, financial performance, Alliance formation, TQM, Pakistan

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A conceptual framework of the relationship between total quality management, corporate social responsibility, innovation capability, and financial performance

International Journal of Quality and Innovation ◽

10.1504/ijqi.2017.090540 ◽

2017 ◽

Vol 3 (2/3/4) ◽

pp. 188 ◽

Cited By ~ 1

Author(s):

Younès El Manzani ◽

Mohamed Larbi Sidmou ◽

Jean Jack Cegarra

Keyword(s):

Corporate Social Responsibility ◽

Quality Management ◽

Social Responsibility ◽

Total Quality Management ◽

Financial Performance ◽

Conceptual Framework ◽

Innovation Capability ◽

Total Quality ◽

Corporate Social ◽

The Relationship

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HUBUNGAN ANTARA STRATEGI ORGANISASI PRAKTIK TOTAL QUALITY MANAGEMENT DENGAN FINANCIAL PERFORMANCE PADA PERUSAHAAN JASA DI PROVINSI RIAU

Jurnal Kajian Akuntansi dan Auditing ◽

10.37301/jkaa.v0i0.5072 ◽

2010 ◽

Author(s):

Yessi Muthia Basri

Keyword(s):

Financial Performance ◽

Leadership Strategies ◽

Total Quality ◽

Influence Strategy ◽

Cost Leadership ◽

Service Companies ◽

Leadership Strategy ◽

Analysis Technique ◽

Strong Relation ◽

Cost Leadership Strategy

The purpose of this study is to analyze the relationship between TQM, strategy and financial performance.This study used a sample which consisted of 52 service companies in Riau Province. However, the respondents only 16, which consists of 2 hospitals, 4 hotels, 8 banks and 2 telecommunications companies. Analyis of data using multiple linear analysis with path analysis technique with the SPSS software. The results showed that the strategy of differentiation and cost leadership strategies have significant effect on TQM practices and TQM practices significant influence. Strategy have strong relation on TQM, but the strategy of differentiation and cost leadership strategy does not have significant impact on financial performance.

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