Short report of how the organisation will implement Total Quality Research Paper

Short report of how the organisation will implement Total Quality Management - Research Paper Example The success of Coffeehouse shall be evident if the 6Cs of TQM are applied and later the implementation recommended. Recommendations include the hiring of a new, qualified staff to prepare a higher quality of coffee than that of the competitor has in order to counter their recent stiff dominance in the market. Coffeehouse is a chain of coffee shops situated in different towns in Australia, and has been in existence since 2001, and owned by one person. The management envisions this business as the center of producing the best coffee, and its vision is to be the preferred coffee house across Australia in a period of 5 years. Even though it has witnessed some profitability- turnover was $4.5 for the year 2011/12-its market share currently is only 10% with stiff competition coming from newcomers Starbucks and Coffee-club. According to Bagad (2008, p.21), TQM involves several features without which success cannot be witnessed in any organization. These features include commitment from all the employees in the organization. In other words, for TQM to be productive, the employees need to be find pleasure in their duties. Additionally commitment to the quality of services offered by the organization must be emphasized. Morfaw (2009, p.20) noted that if there lacks a commitment on the quality, the staff commitment will not sustain the organization since clients will be disappointed and seek services elsewhere thus leaving an organization with losses. Moreover, total customer-oriented attitude and behavior is vital in the application of this philosophy. Even though, every business seeks to make profit, this feature requires that an organization show total commitment in serving its clientele failure to which the profits cannot be enjoyed for a long time. Further, continuous improvement within the organization is needed; all employees must also be united in the performance of their duties. Morfaw (2009, p.33) implied that an organization that fails to emphasize on

High frequency trading Research Paper Example | Topics and Well Written Essays - 500 words

High frequency trading - Research Paper Example Another disadvantage that faces the average investor is the ability to withdraw and initiate thousands of trades at multiple pricing points within the same period. This makes it difficult to understand what is or is not legit (Petajisto 273). Further, the ability of these programs coming up with the upper buy range and lower sell range can create security for one individual and insecurity for the other. It becomes very difficult to have the average investor coming up with a substantial amount because the investors privy with HFT could sell below the limit forcing an individual to pay more compared to normal circumstances. The fact that they attain the information seconds earlier allows them to have an edge that disadvantages the investors, exposing them to risks (Aldridge 65; Kirilenko, Kyle, Samadi & Tuzun 25). Many will look at this from the angle of having more to do with one’s trading sessions, but the unleveled playing field makes it worse. The securities exchange should rein on such behaviors and provide the investors with a fair chance of meeting these ideals. Regulations are necessary in this sector. Investors need to operate within similar platforms as a way of encouraging them to make better use of the skills present. One thing that can be done is creating stronger controls that will create safety nets around the trading options (Aldridge 67). This will enable the government to provide the stock exchanges with the required platforms that will help reduce the market instability through the proper utility of the incentives provided. Markets will also benefit a lot if information was not disseminated before hand, allowing all traders to benefit from what they possess, rather than generate new platforms that do not define the market as a whole (Petajisto 274). Ideally, the traders will have to get clearing before some of the tools can be used, something the government needs to pay great attention to. By limiting the risks, it is very