The New Economics, Third Edition, W. Edwards Deming
The New Economics, Third Edition, W. Edwards Deming
List: $19.95 | Sale: $13.97
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The New Economics, Third Edition
For Industry, Government, Education

Author: W. Edwards Deming

Narrator: David Stifel

Unabridged: 8 hr 15 min

Format: Digital Audiobook Download

Published: 12/18/2018


Synopsis

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 how 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.”

About W. Edwards Deming

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

About David Stifel

David Stifel trained at the Yale School of Drama and has worked for such noted film directors as Steven Spielberg and Danny Boyle.


Reviews

Goodreads review by Ash on April 03, 2010

I didn't know what to expect from this - and it turned out to be one of the strangest reads I've had for a long time. The tone of the whole book reads like the translation I have of The Art of War. Despite being brief, Deming covers a huge amount here. The key topics are: * systems - treating organisa......more

Goodreads review by Michael on February 20, 2020

The New Economics is a series of flashcards, carrying telegraphic versions of Deming's Big Ideas. Deming, of course, was an American economist who helped trained the Japanese in a new style of quality management that arguably lead to decades of Japanese dominance in high technology. His ideas lay be......more

Goodreads review by Antoine on April 04, 2021

Mon premier livre de Deming, qui vaut, selon moi, la lecture à plusieurs égards : - l’histoire de l’auteur est vraiment intéressante : professeur méconnu aux US jusqu’à sa mort, alors qu’il est pour beaucoup dans le redressement spectaculaire du Japon - l’ensemble de sa théorie est bien décrite : le......more

Goodreads review by kz on August 26, 2021

Despite looking like it’ll read like a free market libertarian book, Deming actually puts forward a refreshing and interesting take on production models, everything should be based on cooperation, not competition. Keep costs low, even if it digs into the profit of one department, to keep quality and......more

Goodreads review by John on October 21, 2017

Last book of a knowledgeable senior citizen. Much wisdom. More of an introduction (admittedly) to whet your appetite. It did. Jump in. Read what you can. Join the Deming Institute when they discuss the book. (Very helpful to fill in the gaps and get over obstacles!) [URL not allowed]-the-......more


Quotes

“Deming’s approach is a continuing source of competitive advantage and rapid growth.” Sherm Moreland, CEO, DesignGroup Commercial Architects & Planners