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A number of research studies have investigated the correlation between the adoption of holistic models such as The EFQM Model, and improved organizational results. The majority of such studies show a positive link. One tangentially related study was carried out by Vinod
Singhal of the
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We note that the abnormal returns generated by the quality award winning announcements provide a lower bound for the impact of implementing an effective quality award improvement program. Our results show that the stock market reacts positively to quality award
449:, when CEOs of 67 European companies subscribed to the policy document and declared their commitments to EFQMs missions and values. EFQM works with over 50,000 organisations from across Europe and beyond, including organisations such as
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Members from many industries set up the
Foundation to develop the EFQM Excellence Model. The framework was intended to be used to support the assessment of organisations in the European Quality Award in 1992.
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The EFQM Global Award is run annually by EFQM. It is designed to recognize organizations that have achieved an "outstanding level of continuous improvement", based on assessment against The EFQM Model.
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The model is used by about 50,000 organisations across the world. In recent years, more countries have started implementing the Model, especially across the Middle East and South
America.
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The EFQM Model (known previously as the EFQM Excellence Model) is a management framework that support organisations in "managing change" and "improving performance."
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The EFQM Model, since 1989, aims to provide organisations from over 50,000 organisations with the skills to develop a culture of continuous improvement.
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On 15 September 1988, 14 European business leaders met with the 8th
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K. Hendricks & V. Singhal (1996). "Quality Awards and the Market Value of the Firm: An
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EFQM provides training services and award schemes via their management framework, the EFQM Model.
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304:Headquarters
286:Legal status
279:Fritz Fahrni
201:Abbreviation
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107:Please help
102:verification
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755:5 September
677:Application
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318:Coordinates
819:Categories
706:References
646:Activities
634:Volkswagen
530:Ciba-Geigy
394:Main organ
327:50°52′08″N
219:1988-09-15
135:newspapers
43:improve it
624:Sulzer AG
561:Fiat Auto
360:Worldwide
330:4°24′15″E
281:, R. Morf
243:Carl Hahn
209:Formation
63:June 2019
694:See also
593:Olivetti
491:Company
447:Brussels
384:Chairman
365:Services
308:Brussels
227:Founders
165:May 2024
720:"About"
614:Renault
604:Philips
520:Bull SA
473:History
463:Siemens
415:Website
406:Staff
312:Belgium
296:Purpose
217: (
149:scholar
729:27 May
582:Nestlé
467:Huawei
459:Aramco
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124:"EFQM"
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422:.efqm
156:JSTOR
142:books
810:EFQM
757:2023
731:2024
724:EFQM
563:SpA
465:and
443:EFQM
424:.org
204:EFQM
128:news
780:doi
636:AG
591:C.
572:KLM
532:AG
451:BMW
420:www
374:CEO
111:by
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