The New Economics: For Industry, Government, Education

Front Cover
MIT Press, 2000 - Business & Economics - 247 pages

In this book W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis.

"... 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

 

Contents

How Are We Doing?
1
The Heavy Losses
22
Introduction to a System
49
A System of Profound Knowledge
92
Leadership
116
Management of People
121
The Red Beads
154
Shewhart and Control Charts
172
The Funnel
190
Some Lessons in Variation
207
Continuing Purchase of Supplies and Services
227
Index
235
Copyright

Other editions - View all

The New Economics for Industry, Government, Education
William Edwards Deming
Snippet view - 1993
The New Economics for Industry, Government, Education
William Edwards Deming
Snippet view - 1994

Common terms and phrases

0-th stage achieve agement Alfie Kohn Area Barbara Lawton Bell Telephone Laboratories best efforts carburetors carrier causes of variation cent chapter common causes competition competitors contribution control chart control limits cooperation cost Crisis Deming divisions economic Edwards Deming effect employees engine example Figure flow diagram foreman future gadget grade improvement inspector interaction intrinsic motivation Japan loss function marble ment merit system method mistakes numerical goal optimization paddle PDSA performance plans prediction present style problem profit profound knowledge pupils ranking reader red beads responsibility reward Sacred Heart League salesmen Scherkenbach school of business Shewhart single supplier special cause stable statistical control style of management system of profound teach teacher teams theory tion top management transformation travel department understand vacuum tubes Workers wrong Zero defects Δ Δ Δ

References to this book

About the author (2000)

W. Edwards Deming (1900-1993) was international consultant in management and quality. In 1987, he was awarded the National Medal of Technology and Innovation by President Ronald Reagan.

Bibliographic information

TitleThe New Economics: For Industry, Government, Education
Mit Press
The New Economics: For Industry, Government, Education, William Edwards Deming
AuthorWilliam Edwards Deming
Editionillustrated, reprint
PublisherMIT Press, 2000
ISBN0262541165, 9780262541169
Length247 pages
Subjects ›  › 

Business & Economics / Economics / General
Business & Economics / Entrepreneurship
Business & Economics / General
Business & Economics / Leadership
Business & Economics / Management
Business & Economics / Total Quality Management
  
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