The AMA Dictionary of Business and Management

T

Tactical asset allocation In finance, enhancing the portfolio returns by altering the asset composition and mix.

Taguchi, Genichi (1924–2012) Japanese management consultant who developed the concept of quality engineering through his TAGUCHI METHOD and author of Introduction to Quality Engineering. He is credited with such concepts as robust design and Taguchi loss function, designed to improve engineering quality and productivity. He introduced three stages in production: system design, parameter stage (in which the product is defined under several parameters), and tolerance design.

Taguchi method Devised by management consultant GENICHI TAGUCHI, a method of testing the design of a new product under the most adverse circumstances, through ...