Which of the following is a key principle of Total Quality Management (TQM)?

The key principle of Total Quality Management (TQM) is continuous improvement. This concept emphasizes the importance of constantly evaluating and enhancing processes, products, and services to increase quality and efficiency. Continuous improvement fosters a culture where all employees are encouraged to identify areas for enhancement, promote innovation, and make incremental changes that can lead to significant benefits over time.

By focusing on continuous improvement, organizations can adapt to changing customer needs, reduce waste, improve performance, and ultimately deliver higher-quality products and services. This approach not only benefits the organization but also enhances customer satisfaction and loyalty, which are essential for long-term success.

The other options, while relevant to overall business strategies, do not encapsulate the core philosophy of TQM as effectively. Employee autonomy is important, but it is not exclusive to TQM principles. Cost reduction and increased market share are outcomes that might result from effective TQM practices, but they do not represent the fundamental principle of TQM itself. Continuous improvement serves as a guiding pillar that drives all other quality initiatives and strategies within an organization.