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Analysis of the Profitability of an SME from the Perspective of Quality Management Cover

Analysis of the Profitability of an SME from the Perspective of Quality Management

Open Access
|Nov 2022

Abstract

Profitability can be defined as the positive result obtained by an entity that operates for profit, through the efficient use of material, financial and human resources, in a way that allows it to carry out the activity in optimal conditions for financiers, employees and business partners but mainly to ensure its future performance. There is a direct correlation between the level of performance of economic entities in an economy and its well-being. The stable long-term profitability recognizes an economic entity’s value through performance and efficiency. This paper aims to study the role of quality management in obtaining profitability. In this sense, we conducted a study in a company in Arad, and we calculated specific efficiency indicators from the quality perspective.

DOI: https://doi.org/10.2478/vjes-2022-0019 | Journal eISSN: 2344-4924 | Journal ISSN: 2067-9440
Language: English
Page range: 93 - 100
Published on: Nov 7, 2022
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2022 Raul Bogdan Mircea, published by Valahia University of Targoviste
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.