Why it is important for the Brazilian MSMEs to participate in quality awards

Abstract

The Micro, Small and Medium Enterprises (MSMEs) have a significant position in the economies of many countries, especially in those countries considered to be in development. The most efficient way to boost the economies where MSMEs have a strong presence is providing access for these companies, or firms, to the best practices in management and quality. A simple manner in which to accomplish this is to return an assessment to each MSME, which displays the company’s grade of maturity compared to its market and local competitors. These assessments can be produced by inviting these companies to participate in local quality awards. Prior to arrival, the firms complete applications to participate in the award, detailing company data for the award organizations, from which self-assessments can be created with a general overview of their institutions.