As an Amazon Associate I earn from qualifying purchases.

Best in Class Definition and Explanation PDF | Download eBooks

Learn Best in Class definition in total quality management with explanation to study “What is Best in Class”. Study best in class explanation with TQM terms to review total quality management course for online MBA programs.

Best in Class Definition:

Best in Class Explanation:

In benchmarking practices, an organization compares its operations with another firm which is called target firm. The target firm should be the one that is best in class i.e. showing best performance in that particular industry. Best in class organization is set as a standard while performing benchmarking. Best in class organization shows high level performance in different areas e.g. financial condition, high quality products/services, quality processes, quality strategies, and overall performance. Best in class firm is superior to other firms of the same industry. Best in class is also called best breed. For example, if a firm wants to compare its performance based on a specific metric with another firm, it must look for the best in class organization regarding that particular metric or performance measure.

Keep Learning TQM Explanations

What are Three Spheres of Quality?

In order to understand the broader concept of quality, three spheres of quality are studied. The three spheres of quality ...

What is C Chart?

C chart is a type of attribute control chart which is used when sample size for different subgroups is the ...

What is Redundancy?

Redundancy refers to adding the same component or part within a process again in parallel for using in an emergency ...

What is Empathy?

Empathy is one of the five service quality dimensions introduced by PZ&B. A customer usually desires empathy from the service ...

What is Organic Organization?

The term "Organic Organization" was first coined by Tom Burns and G.M Stalker in the late 1950's. According to them, ...

What is Quality Assurance?

It is important to assure if the products manufactured or services offered comply with the quality standards. The best way ...