The New Economics: For Industry, Government, Education

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MIT Press, 2000 - Business & Economics - 247 pages
36 Reviews

..". competition, we see now, is destructive. It would be better if everyone would work together as a system, with the aim for everybody to win. What we need is cooperation and transformation to a new style of management."In this book W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis. The system of profound knowledge, as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing prevailing management style as a prison, Deming shows how a style based on cooperation rather than competition can help people develop joy in work and learning at the same time that it brings about long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job and grades in school.previously published by MIT-CAES


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Review: Out of the Crisis

User Review  - Chet Brandon - Goodreads

This is obviously a classic. I picked up a used copy for pennies and have been re-reading his work. I am particularly interested in the origins of his Plan, Do, Check, Act theory. Just a great work that never ages. Read full review

Review: The New Economics for Industry, Government, Education

User Review  - Evan Leybourn - Goodreads

While this book is about 30 years old, it is as relevant today as it was in the 80's. Too many managers and business leaders do not correctly understand the impact of waste and how to manage it ... Read full review


How Are We Doing?
The Heavy Losses
Introduction to a System
A System of Profound Knowledge
Management of People
The Red Beads
Shewhart and Control Charts
The Funnel
Some Lessons in Variation
Continuing Purchase of Supplies and Services

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About the author (2000)

JOYCE NILSSON ORSINI, PhD, is an associate professor of m

JOYCE NILSSON ORSINI, PhD, is an associate professor of management systems at Fordham University, the director of Foranagement systems at Fordham University, the director of Fordham's Deming Scholars MBA program, and president of The W. dham's Deming Scholars MBA program, and president of The W. Edwards Deming Institute. Edwards Deming Institute.

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