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The New Economics for Industry, Government, Education, third edition

Author

Listed:
  • Deming, W. Edwards

    (The W Edwards Deming Institute)

Abstract

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.” —from The New Economics for Industry, Government, Education 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 Deming 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 the prevailing management style as a prison, Deming shows applying the System of Profound Knowledge increases productivity, quality, and people’s joy in work and joy in learning. Another outcome is short-term and long-term success in the market. Indicative of Deming's philosophy is his advice to abolish performance reviews on the job, to look deeper than spreadsheets for opportunities, and even to rethink how we teach and manage our schools. Moreover, Deming’s method enables organizations to make accurate predictions, which is a valuable tool in today’s uncertain economic climate. This third edition features a new chapter (written by business consultant and Deming expert Kelly L. Allan) that explains the relevance of Deming’s management method, and case studies from organizations that have adopted Deming’s System of Profound Knowledge, and offers guidance on how organizations can effectively “do Deming.”

Suggested Citation

  • Deming, W. Edwards, 2018. "The New Economics for Industry, Government, Education, third edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262039001, April.
    • Handle: RePEc:mtp:titles:0262039001
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    Citations

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    Cited by:

    1. Ailish Daly & Seán Paul Teeling & Marie Ward & Martin McNamara & Ciara Robinson, 2021. "The Use of Lean Six Sigma for Improving Availability of and Access to Emergency Department Data to Facilitate Patient Flow," IJERPH, MDPI, vol. 18(21), pages 1-15, October.
    2. Andrea Cardoni & Evgeniia Kiseleva & Rosa Lombardi, 2020. "A sustainable governance model to prevent corporate corruption: Integrating anticorruption practices, corporate strategy and business processes," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1173-1185, March.
    3. Christina Nikolova & Veronika Garkova, 2022. "Evaluating the Impacts of Passengers’ Rights Policy on the Competitiveness of Airlines and Airport Operators Using the Dynamic Programming Approach," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 94-117.
    4. Lisa O’Mahony & Kerrie McCarthy & Josephine O’Donoghue & Seán Paul Teeling & Marie Ward & Martin McNamara, 2021. "Using Lean Six Sigma to Redesign the Supply Chain to the Operating Room Department of a Private Hospital to Reduce Associated Costs and Release Nursing Time to Care," IJERPH, MDPI, vol. 18(21), pages 1-14, October.
    5. Kokshagina, Dr Olga, 2021. "Managing shifts to value-based healthcare and value digitalization as a multi-level dynamic capability development process," Technological Forecasting and Social Change, Elsevier, vol. 172(C).

    More about this item

    Keywords

    Deming management method; 14 Points for Management; System of Profound Knowledge; SOPK; management; quality; productivity; Out of the Crisis;
    All these keywords.

    JEL classification:

    • L00 - Industrial Organization - - General - - - General
    • H10 - Public Economics - - Structure and Scope of Government - - - General

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