Essay Example on The US Presidential Award: Unveiling the History of the Malcolm Baldrige National Quality Award

Introduction

CFI (2020).Malcolm Baldrige National Quality Award (MBNQA): The US Presidential Award for Performance Excellence article. The article was published by Corporate Finance Institute and accessed in 2020. It focuses more on the history of Malcolm Baldrige Award. A brief introduction is indicating that it is a presidential ward meant to rewards the best leadership performance.

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Synopsis of the Article

The award looks at the quality of management of companies in the USA, as described in the article. USA companies compete for the prize as it indicates a case of good leadership. It is based in the USA, but it gets a global recognition making it a prestigious award. The award was named after the USA secretary of Commerce during President Reagan administration. The article goes ahead to breakdown the Malcolm Baldrige Award on the various categories it embraces. The award is divide din six categories and varies award is given each year. They include the field of manufacturing, small scale business, service education, non-profit organizations and healthcare. Leaders across these organizations work hard to be the best in the industry and get the recognition which boosts the career growth of the top leaders. The senior leaders are expected to share with other industry leaders through the quest for excellence conference and Baldrige fall conference.

Relationship to the Assigned Topic

The article is related to the assigned topic. Leadership is an essential element in organizations, and both the article and the assigned topic have a focus on the importance of good leadership. The award aims to raise the quality of management. The class topic seeks to inform on the critical aspects and the importance of good leadership, especially in well-established companies. The assigned topic promotes good leadership qualities and the abilities of leaders to influence change within the companies that they lead. The leadership award is meant to promote hard work and excellence among the leaders and the organizations in general. The article clearly explains what the Malcolm Baldrige Award is all about.

Opinion on the concept introduced by the article

I like the article. The article outlines the purpose of the awards, which includes showing the importance of performance excellence. The aim is to motivate USA companies' improve on their system to promote performance. The criteria used in identifying excellent performance to win the award are outlined in the article, which includes good leadership and customer relations. One needs to understand the award and how it is related to the topic. The article clearly outlines everything about the award and the impact it has on the management of different companies. One of the concepts introduced by the article is how the sharing of information is done by the top managers of different companies that want to compete for the award. It is essential for leaders to gout there and presents themselves to the public to convince people on what they have been able to achieve as leaders. It is an excellent way to audit the leadership qualities for the business leaders publicly.

The article indicates that the annual conferences on which companies are supposed to outline their achievements and showcase the leadership success are done twice annually. Leadership promotes excellent performance and output. The award is thus an essential motivating factor for top managers to aim for excellence.

Reference

CFI (2020).Malcolm Baldrige National Quality Award (MBNQA): The US Presidential Award for Performance Excellence. Retrieved from:https://corporatefinanceinstitute.com/resources/knowledge/other/malcolm-baldrige-national-quality-award-mbnqa/