Definition
Total Quality Management (TQM) is a management approach focused on continuously improving the quality of products, processes, and services throughout an organization. TQM emphasizes customer satisfaction, employee involvement, process improvement, and data-driven decision-making to achieve excellence in quality and organizational performance. TQM principles include customer focus, continuous improvement, teamwork, and process optimization.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.