The New Economics for Industry, Government, Education

The New Economics for Industry, Government, Education - The MIT Press

Third edition

Paperback (06 Nov 2018)

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Publisher's Synopsis

A new edition of a book that details the system of transformation underlying the 14 Points for Management presented in Deming's Out of the Crisis.

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."

Book information

ISBN: 9780262535939
Publisher: The MIT Press
Imprint: The MIT Press
Pub date:
Edition: Third edition
DEWEY: 658
DEWEY edition: 23
Language: English
Number of pages: 240
Weight: 328g
Height: 230mm
Width: 153mm
Spine width: 15mm