An arrangement or relationship among independent businesses with corresponding goals, established for a specific purpose and often for reducing costs and improving customer service. The collaboration is usually managed by a team with members from each business and held together by one agreement giving an equal share of risk and opportunity to each business. An example would be a shared marketing program between Wal-Mart and Procter & Gamble.
A project milestone is a way to observe, measure and monitor the progress and/or performance of a project. Milestones in general exist as intermediate stages that must be fulfilled before reaching a final goal or objective. In terms of their usefulness, milestones can be defined and provide a foundation from which to monitor progress. They can also serve as proof for explaining and reporting the status of a project. Key characteristics of milestones include their frequency and potential for providing opportunities for course corrections and learning experiences. Milestones can also be used to maintain accountability and motivate staff.
Let's look at some of the different types of milestones often used during a project, including some real-life examples. Keep in mind that not every deadline met or task completed will represent a milestone. Intermediate stages should be considered significant in terms of meeting the overall project goal. The first example is high-priority tasks or decisions crucial to the completion of a project. For example, if children will be participating in your project, you'll need to get parental consent forms signed. You may also have to research the ethical and legal considerations involved in having minors participate in a project.
In quality management system, a quality policy is a document jointly developed by management and quality experts to express the quality objectives of the organization, the acceptable level of quality and the duties of specific departments to ensure quality.
A quality management system (QMS) is a collection of business processes focused on consistently meeting customer requirements and enhancing their satisfaction. It is aligned with an organization's purpose and strategic direction
It is expressed as the organizational goals and aspirations, policies, processes, documented information and resources needed to implement and maintain it. Early quality management systems emphasized predictable outcomes of an industrial product production line, using simple statistics and random sampling. By the 20th century, labour inputs were typically the most costly inputs in most industrialized societies, so focus shifted to team cooperation and dynamics, especially the early signalling of problems via a continuous improvement cycle.
At Broadgate, we pride ourselves as the best employee-centric, customer oriented organization, as well as a great place to grow.
Core values are the basis upon which the members of a company make decisions, plan strategies, and interact with each other and their stakeholders. A stakeholder is any person or organization that is impacted in some way by the company. Core values reflect what is important to the organization and its members.
The core values of a company are intrinsic - they come from leaders inside of the company. Core values work the same way for a company as they do for a family. For example, one family may value hard work and saving money, and another family may value travel and exploration. Even starting with the same resources, each family will make different decisions and plan different strategies based on its core values. Family core values affect strategy (how much of each paycheck is saved or spent) and practices (spend money on a money market account, a savings bond, or airline tickets).