Service Quality at the Ritz-Carlton Hotel Company
At Ritz-Carlton, a focus on these criteria has resulted in higher employee and customer satisfaction, increased productivity and market share. Perhaps most significant is increased profitability. Research shows that the stock price of companies with effective Total Quality Management implementation outperformed the S&P 500 Index by approximately 34% over a five-year period. (www.ritzcarlton.com)
Service Quality at the Ritz-Carlton Hotel The Ritz-Carlton has 17,000 staff people and over 15,000 guestrooms; these conditions give it lots of opportunities for both preventing defects and beginning improvements every day. According to Horst Schulze: former President and COO, The Ritz-Carlton Hotel Co., LLC, "leadership drives an organization." The Ritz-Carlton started in 1983 without any hotels. The dream was to create the standard for a world class hotel company. As the company grew, the leadership found that many of their customers did not agree that Ritz-Carlton was successfully meeting their needs. To remedy this condition, Ritz-Carlton started benchmarking with quality winners and began incorporating the Baldrige approach. Today, Ritz-Carlton has more than 50 hotels worldwide and new ones under construction. Every hotel implements the Baldrige criteria. Ritz-Carlton leadership is involved in all its corporate areas, both administrative and operational. It makes sure the organization is a learning organization, is caring, and has a heart. It also makes sure that all