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Total quality management (tqm) is a business approach that seeks to improve quality and performance which will meet or exceed customer expectations. Historical and contemporary theories of management overview the idea of management is not new early forms of management concepts have been. Study 51 chapter 1: introduction to modern management flashcards from yangyi w on studyblue flashcards what is the contemporary view of management skill. Contemporary management involves planning, leading, organizing and controlling operations to achieve organizational goals managers at each level of an organization are responsible for using resources effectively.