ROLE OF TQM IN FINANCIAL MANAGEMENT

The old ways of doing things simply are not good enough in a world where old ways quickly become obsolete. Thus today,s financial manager must have the flexibility to adapt to the changing external environment if his or her firm is to survive. The financial manager has emerged as a team player in the overall efforts of a company to create value. There are so many internal and external factors that have an increasing impact on the management functioning.
TQM is such a management system in which a business can exist in world market competition.TQM implementation is an important issue as for as perfection of work is concerne.