Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service Excellence
<i>Background:</i> This paper revolves around a meticulous exploration aimed at discerning the impact of total quality management (TQM) and service quality (SQ) practices upon the financial performance (FP) of firms within the container shipping industry. Our pursuit extends further, del...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2023-10-01
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| Series: | Logistics |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2305-6290/7/4/76 |
| _version_ | 1797380247533912064 |
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| author | Luay Jum’a Marwan Mansour |
| author_facet | Luay Jum’a Marwan Mansour |
| author_sort | Luay Jum’a |
| collection | DOAJ |
| description | <i>Background:</i> This paper revolves around a meticulous exploration aimed at discerning the impact of total quality management (TQM) and service quality (SQ) practices upon the financial performance (FP) of firms within the container shipping industry. Our pursuit extends further, delving into the intricacies of SQ as a potential mediating factor in the TQM–FP relationship. This distinctive study investigated six TQM practices in conjunction with five SQ factors, analyzing their impact on firm FP. <i>Methods:</i> This study used a quantitative research approach. Data were collected through a structured questionnaire from logistics specialists and experts in the shipping field. <i>Results:</i> The findings were interesting and showed that two TQM practices—managerial leadership and employee involvement—have a significant positive effect on SQ levels, and one SQ dimension, namely responsiveness, has the biggest and most significant effect on the FP of container shipping companies. Furthermore, SQ mediates the relationship between TQM and FP. <i>Conclusions:</i> This study provides a theoretical contribution by developing a conceptual model that elucidates the correlation between TQM practices and the degree of SQ on the FP of container shipping firms. Moreover, this study provides managers with a tool for identifying, prioritizing, and improving key TQM and SQ practices that contribute significantly to financial success. |
| first_indexed | 2024-03-08T20:34:39Z |
| format | Article |
| id | doaj.art-3495497eb369422385df7ccd49c2b6ad |
| institution | Directory Open Access Journal |
| issn | 2305-6290 |
| language | English |
| last_indexed | 2024-03-08T20:34:39Z |
| publishDate | 2023-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Logistics |
| spelling | doaj.art-3495497eb369422385df7ccd49c2b6ad2023-12-22T14:21:35ZengMDPI AGLogistics2305-62902023-10-01747610.3390/logistics7040076Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service ExcellenceLuay Jum’a0Marwan Mansour1Logistics Sciences Department, Business School, German Jordanian University, Amman 11180, JordanLogistics Sciences Department, Business School, German Jordanian University, Amman 11180, Jordan<i>Background:</i> This paper revolves around a meticulous exploration aimed at discerning the impact of total quality management (TQM) and service quality (SQ) practices upon the financial performance (FP) of firms within the container shipping industry. Our pursuit extends further, delving into the intricacies of SQ as a potential mediating factor in the TQM–FP relationship. This distinctive study investigated six TQM practices in conjunction with five SQ factors, analyzing their impact on firm FP. <i>Methods:</i> This study used a quantitative research approach. Data were collected through a structured questionnaire from logistics specialists and experts in the shipping field. <i>Results:</i> The findings were interesting and showed that two TQM practices—managerial leadership and employee involvement—have a significant positive effect on SQ levels, and one SQ dimension, namely responsiveness, has the biggest and most significant effect on the FP of container shipping companies. Furthermore, SQ mediates the relationship between TQM and FP. <i>Conclusions:</i> This study provides a theoretical contribution by developing a conceptual model that elucidates the correlation between TQM practices and the degree of SQ on the FP of container shipping firms. Moreover, this study provides managers with a tool for identifying, prioritizing, and improving key TQM and SQ practices that contribute significantly to financial success.https://www.mdpi.com/2305-6290/7/4/76container shippingtotal quality managementshipping service qualityfinancial performanceservice quality dimensionsSDG 8 |
| spellingShingle | Luay Jum’a Marwan Mansour Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service Excellence Logistics container shipping total quality management shipping service quality financial performance service quality dimensions SDG 8 |
| title | Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service Excellence |
| title_full | Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service Excellence |
| title_fullStr | Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service Excellence |
| title_full_unstemmed | Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service Excellence |
| title_short | Cruising to Success: Unveiling the Financial Harmony of Container Shipping Firms through Total Quality Management and Service Excellence |
| title_sort | cruising to success unveiling the financial harmony of container shipping firms through total quality management and service excellence |
| topic | container shipping total quality management shipping service quality financial performance service quality dimensions SDG 8 |
| url | https://www.mdpi.com/2305-6290/7/4/76 |
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