The New Economics for Industry, Government, Education / Edition 2

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Overview

"... 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

Presents a new, transformative theory of management style, the system of Profound Knowledge. Shows how to create a product or service to achieve continual growth, innovation, and improved market position. Also explores reasons to abolish performance reviews on the job and grades in school.

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Product Details

  • ISBN-13: 9780262541169
  • Publisher: MIT Press
  • Publication date: 8/11/2000
  • Edition description: second edition
  • Edition number: 2
  • Pages: 265
  • Sales rank: 302,072

Meet the Author

W. Edwards Deming (1900-1993) was an international consultant in quality and productivity management. In 1987 President Ronald Reagan awarded him the National Medal of Technology.
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Table of Contents

Foreword
Notes to the Second Edition
About the Author
Preface
How Are We Doing?
The Heavy Losses
Introduction to a System
A System of Profound Knowledge
Leadership
Management of People
The Red Beads
Shewhart and Control Charts
The Funnel
Some Lessons in Variation
Appendix: Continuing Purchase of Supplies and Services
Index
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Customer Reviews

Average Rating 4.5
( 8 )
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Sort by: Showing all of 8 Customer Reviews
  • Anonymous

    Posted April 27, 2009

    The real deal for students of management

    Demings work on the new economics is a classical example of deep thoughts rooted in innovation to help the manangers of the 21st century to get themselves out of the current holes,the paradox that workers dont try well enough,or dont work well enough.

    His explanation of common and special causes clearly explains what workers have been through for along time.Once any manager reads this book,his/her performance metrics will change fortwith.It is unfair to purnish workers in the way of ranking and merit hoping that poor the performer will pull up their sox(es),the real problem is the system.Get it fixed!management need to stop pointing fingers at the frustrated worker get solutions for variations on quality.

    Look at schools,its the same thing,points,scores,who scored what?instead we should be asking who learnt what? Any student of managemnt must read and understand the experiments on the red beads and understand the funnel experiment too,to appreciate the variation that exists in our curent econonmy,that way,we shall be on same page,at least with Deming's thoughts.

    Deming may have sounded harsh to people but his way of challenging the status quo is unmatched.

    Stdents of management ,go ahead and read this book,you will confirm its a good read.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted June 9, 2008

    The Must Read Book

    It is a well written book that should be read by industrial engineers and those in management positions. Deming gives many resons why the present style of management fails and what their new approach should be to improve their system. He also provides good explination and gives good examples for the readers so that they understand the difference between common cause and special cause variation, a subject that those in management positions have trouble understanding and can very well save them losses.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted June 9, 2008

    Deming Book Review

    When I first got this book I was a little worried about having the time to read it since I knew it was about Deming¿s System of profound knowledge. I thought the idea he had would have been complex and hard to understand in the first read, but when I picked it up to read it, I found it was actually a fairly easy read. His ideas and concepts seemed to make a lot of sense and gave me a better understanding of thinking in terms of a system. After reading the book I realized all he was trying to do was paint the bigger picture for managers to understand. As we see in his experiments it does not matter how willing the worker is, they will still have some defective parts if the system they are using has a lot of common cause variation built into it. Also the quicker management understands this idea the better off their company will be. From looking around at businesses after reading the book this idea of competition has become more obvious to me. I think this book is a great book to read if one was looking for how to understand the idea of system thinking as well as looking to implement a quality system into their company.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted June 25, 2003

    Must Reading for Leaders

    Perhaps the best and most easy-to-read work by W. Edwards Deming. Deming provides a clear explanation of 'profound knowledge,' which is what he felt is required for a leader to transform an organization into one that is a sustaining high performer. I have read the book several times and find that I learn more each time I read it. It is an absolute must read for anyone leading (or aspiring to lead) a team.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted June 9, 2008

    A reviewer

    The New Economics: For Industry, Government, Education W. Edwards Deming After reading The New Economics and learning more about Deming I have come to the conclusion that he is extremely easy to understand and follow. I feel that this book is a good read because it is really easy to understand the concepts that Deming is trying to get across. These concepts are very effective and proven by Deming in his examples and experiments such as the Red Bead Experiment and the Funnel Experiment. Deming¿s explanations of the differences between common cause variation and assignable cause variation were very simple and to the point. These experiments will help remind me the differences while working in the field in the future. Deming¿s approach to helping businesses is a key point in the book. He strongly believes that the managers and upper management is the main problem in many companies. These employees are always passing on the blame for common cause variation to the lower grouping of employees. Deming, in my opinion, is very straightforward in his writing and cares about helping companies excel. Overall I feel that this book is an excellent book to read and understand before stepping into the real world of work.

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  • Anonymous

    Posted September 18, 2001

    Highly Recommended!

    Critique W. Edwards Deming¿s work at your peril. After all, he probably set whatever standard you¿re using. This volume ¿ revised by the author before his death in 1993 and partially based on his 1950s work with the Japanese ¿ may strike the contemporary reader as a curious mixture of seminal process thinking and idiosyncratic ruminations on education. Portions read like an artifact of the early 1990s, but in this regard, however, his volume offers a unique perspective on a turning point in American economic history: the shift to the knowledge-based economy. We at getAbstract.com recommend Deming¿s volume to any serious student of management thought, and all human resources professionals should familiarize themselves with his work, which set the foundations for many of the transformations now underway in the corporate world.

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  • Anonymous

    Posted March 3, 2010

    No text was provided for this review.

  • Anonymous

    Posted June 7, 2009

    No text was provided for this review.

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