Quality Management System and Corporate Sustainability Pradeep Joshi Executive Summary The current market conditions are Vulnerable, Uncertain, Complex and Ambiguous. The Corporates should embrace the Innovation and Innovative processes to survive in market place. This means customer requirements have been more demanding and equally challenging for corporates to sustain in terms of delivery of desired product of customer in given timeframe and at acceptable prices for customer. There is need for Corporates to follow Quality Systems based on Lean Organization and aiming to deliver at low prices, less waste and least variability in product. This calls for using Lean Six Sigma Methodology that emphasizes on reducing waste, costs and innovating design and technical process selection. This basically includes Innovation and precision of forecasts, agility to face challenges, flexible strategy by Corporate to sustain in long run. All The Stakeholders namely Investors, Society, Environmen