TQM Deming Prize

It was set up in 1951 by the Union of Japanese Scientists and Engineers (JUSE) to recognise and encourage companies that do an outstanding work in the field of quality management. The Deming Prize is a prestigious award given to organisations that have demonstrated excellence in quality management. It is named after W. Edwards Deming, a pioneer of TQM, and is awarded by the Japanese Union of Scientists and Engineers. The prize is based on Deming's 14 Points of management and is awarded to organisations that have shown outstanding results in areas such as customer satisfaction, employee involvement, and continuous improvement, customer, leadership, and a systematic approach to quality management. The Deming Prize has become a symbol of excellence in quality management and is recognised globally as a mark of quality and reliability.

Source: Deming Prize Website

The organisations that use TQM to achieve the following three criteria are awarded the Deming Prize.

A. The company has built proactive customer-oriented business objectives     and plans based on social responsibility of the organisation under clear     management policies that reflect its management philosophy, industry,     scale, and environment. And in their formulation, the senior management     demonstrates leadership.
B. The company goals and strategies listed under A) above are being realised     with the appropriate use of TQM.
C. As a result of B), the organisational capability necessary for future growth     has been secured in addition to the achievement of the business objectives     and strategies of  A) above.