Any organization, whoever they are, whatever they do and where ever they reside, practice the 7TAO without knowing it. 7TAO stands for each element of the Transaction as defined by the Chinese philosophies of trading.
The 7TAO (7 Ways) of the Transaction are Price, Delivery, Quality, After Market, Customers, Shareholders and Employees. All seven parameters must benefit when taking part in any industrial competition, if any one of these is weak, the transaction may collapse and business can be left vulnerable to closure through obsolescence. The 7TAO is the primary measure of a business. The more transactions a business makes, the more successful the business becomes.