Describing the Impact of ABM and TQM on a Company In recent years, the managerial concepts of activity based management (ABM), activity based costing (ABC), and total quality management (TQM) have...

In recent years, the managerial concepts of activity based management (ABM), activity based costing (ABC), and total quality management (TQM) have received considerable attention from manufacturing and other companies. The development of a global economy as well as consumers’ ability to shop around has led to increased competition in the market and pressure on companies to focus efforts on cost-cutting measures wherever possible.

Required:

1. Conduct online or library research for articles about companies that have successfully implemented ABM, TQM, and/or ABC within their organizations.

2. Read and briefly summarize at least three such articles.

3. Choose one of these companies and write a memo to your classmates outlining the company’s implementation. Include their time lines, any problems encountered, and perceived benefits.