A holistic approach to quality success in developing nations

Abstract

Purpose

Recently, Nobel Prize‐winning research in information economics has revealed that information asymmetry is instrumental for quality uncertainty, which is more crucial in developing nations. In this backdrop, aims to explain market mechanisms for various informational ambiences. Also, the paper aims to deal with quality management progress in developing countries. Factors responsible for quality success are identified and correlated.

Design/methodology/approach

System thinking is attempted in order to study information asymmetry repercussions on quality paradigm.

Findings

Quality success, particularly in developing nations, depends on many factors and there is a need to assimilate these related strands.

Originality/value

Implications for holistic quality success are offered.

Citation

Wankhade, L. and Dabade, B.M. (2005), "A holistic approach to quality success in developing nations", The TQM Magazine, Vol. 17 No. 4, pp. 322-328. https://doi.org/10.1108/09544780510603170