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For the third consecutive year the fictitious "Baldrige Index," comprised of companies that have won the Malcolm Baldrige National Quality Award, has outperformed the Standard & Poor's (S&P) 500, according to the National Institute of Standards and Technology (NIST), Gaithersburg, MD.
This time the margin was 3.5 to 1 for the five whole-company winners, with the Baldrige Index achieving a 380% return on investment compared with a I110% return for the S&P 500. Another group of winning companies, comprised of the whole-company winners and parent companies of winning subsidiaries, outperformed the S&P 500 by about 3 to 1, a 325% return on investment compared with a 112% return for the S&P 500. This group totaled 16 companies (5 whole-company winners + 11 parent companies, one of...