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Volume 06 Issue 09 September 2023

Application of Total Quality Management in the Operation of Life Insurance Distribution Channels in Vietnam
1Nguyen Zen Nguyen, 2Thi Lien Ngo, 3Van Thieu Pham
1,2,3University of Labour and Social Affairs, Vietnam
DOI : https://doi.org/10.47191/ijmra/v6-i9-05

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ABSTRACT:

By the method of document research, analysis and synthesis, the article has clarified the whole set of objectives. Accordingly, the article presents the theory and some case studies on Total Quality Management content. Review of activities of life insurance distribution channels in Vietnamese insurance enterprises. Assess the status of quality management in these activities at life insurance enterprises. From the existing points in the operation of the distribution channel, we have studied and analyzed the causes of service quality deterioration, distrust and satisfaction for customers using life insurance products. Finding a way to eliminate limitations is the primary concern of insurance companies. Our analysis results have shown that enterprises applying Total Quality Management are the solution to improve service quality in the operation of insurance product distribution channels. Determine the development goals of the business in each period to build a system of distribution channels and apply an appropriate quality management system. Determined the need and determination to use Total Quality Management in insurance distribution channel activities. Get all employees involved in the application of Total Quality Management. These are some effective measures to support life insurers in implementing Total Quality Management for their business.

KEYWORDS:

Total Quality Management, distribution channel, Insurance, application, Vietnam

REFERENCES
1) Beer, M. (2003). Why total quality management programs do not persist: the role of management quality and implications for leading a Total Quality Management transformation. Decision Sciences, 34(4), 623-642.

2) Insurance Association of Vietnam (2018-2022), Insurance fact book from 2018 to 2022, Insurance Association of Vietnam, Hanoi, Vietnam

3) Hackman, J. R., & Wageman, R. (1995). Total quality management: Empirical, conceptual, and practical issues. Administrative science quarterly, 309-342.

4) Larson, P. D., & Sinha, A. (1995). The Total Quality Management impact: a study of quality managers' perceptions. Quality Management Journal, 2(3), 53-66.

5) Powell, T. C. (1995). Total quality management as competitive advantage: a review and empirical study. Strategic management journal, 16(1), 15-37.
Volume 06 Issue 09 September 2023

There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.


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