Is Quality Management System (QMS) in corporate becoming a mere ritual with quality limited to records and documents? Your views?
2)If at all QMS becomes a ritual that particular company may lose out to the better competitor in the long run. We are living in a competitive world and definitely India is less competitive compared to even small countries / regions like Singapore, HK, Korea, China and Japan.
3)One of the probable reasons for the complacency as far as QMS is concerned, may be due to the false assumption of assured market. But the situation may change all of a sudden to the detriment of that complacent company by the entry of new and more innovative players in the market. We have seen that happening in India. It happened to HMT watches, ITI telephones, Premier Padmini (Fiat) cars, Ambassador cars of Hindustan Motors, Bajaj scooters, Java bikes and so many others. Quality still counts in India.
Good or bad , I am not competent to comment but I was reading a nice article on Warren Buffet ...
A writer was commenting on how Warren Buffett was a
> principled man, and that
> his values translated in business success. What struck me
> was Buffett's
> adaptation of Einstein's equation for the theory of
> relativity. ...more