Discuss the concept of Total Quality Management (TQM) with respect to the present competitive environment.

Total Quality Management (TQM) is a comprehensive management approach that aims to improve the quality of products and services through continuous refinement of processes and involvement of all employees. In today's fiercely competitive business environment, where customer expectations are constantly evolving, and globalization has intensified competition, TQM has become more crucial than ever. This essay will delve into the concept of TQM in the context of the present competitive environment.

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