The Deming Prize is a prestigious award established in 1951 to honor individuals and organizations that have made significant contributions to quality management. Named after W. Edwards Deming, an influential figure in the field of quality control, the prize recognizes efforts to improve productivity and quality in various industries. Awarded annually, the Deming Prize is open to organizations worldwide, including private companies, public institutions, and non-profit organizations. Recipients are evaluated based on their commitment to quality management principles and their ability to implement effective quality improvement strategies.