The New Economics for Industry, Government, Education - 2nd Edition 2nd Edition
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About the Author
- Publisher : The MIT Press; 2nd edition (August 11, 2000)
- Language : English
- ISBN-10 : 0262541165
- ISBN-13 : 978-0262541169
- Reading age : 18 years and up
- Item Weight : 13.6 ounces
- Dimensions : 5.8 x 0.67 x 8.8 inches
- Best Sellers Rank: #172,710 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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This book taught me to see businesses, government and education different. One of his main points is to cooperate and with cooperation we can grow and improve in a better and more positive rate. I like this book because it teaches a person a challenging thought of going against the norm. What I think is interesting is when Deming challenges the concept of competition and instead encourages cooperation. Ever since we began school at the age of four or five, we were always rewarded for doing good and “sticking out” amongst our other peers and it’s been tailored like that ever since. Even now when we are applying for jobs, our resumes are in competition with our peers. I do agree with Deming’s belief in cooperation however, I also think that this only applies to the people that are willing to cooperate. In my opinion, the audience that Deming speaks to are those that are willing to learn and grow together as a society. And this is actually mentioned in the book where he discusses that the desire to learn is what can contribute to the growth of our society and advancement.
One of the biggest takeaways from this book in my opinion is Deming’s System of Profound knowledge. This starts with management understanding that cooperation is far more useful than competition in this business atmosphere. His four parts are: Appreciation for a system, Knowledge about variation, Theory of knowledge, and Psychology. Each are split up and discussed in the book. One of the components I found quite interesting was the Psychology section. Deming describes how all people different and these differences need to be understood by management for the system to work efficiently. Also, he describes intrinsic and extrinsic motivation. Management should understand these and realize that extrinsic can provide people with motivation up to a certain level while intrinsic can keep them continuously satisfied.
Later in the book Deming goes over The Red Bead experiment, control charts, and the funnel. The funnel is a great visual demonstration to show tampering and the negative effects it has on a system. Tampering is very common is systems and is usually used to fix slight variation, but it does the exact opposite and creates more variation.
Deming explains the need of a leader in a system to make change. He also gives the PDSA cycle which should be used by leaders to further understand and improve the system.
This book explains how we need to change our thinking of business and other aspects of society and systems. How we should remove the idea that everyone is in competition and only then will we be able to succeed and see improvements at an exponential rate. I highly recommend reading through this and applying it to your own situations.
Top reviews from other countries
Having ordered it I could not register the Kindle Reader. Only on asking customer sevice was I given a one off code which work for 10 minutes!
I can still not see the book.
The kindle web reader is a joke!
Get the book, but not on Kindle.
Given the book is about doing things properly someone at Amazon should read it and learn from it. An unnecessarity complicated process to get to read it. Come on Amazon get into the modern world!
I would have given it 5 stars if I hadn't recently read The Goal by Eliyahu Goldratt .
It outclasses this book by a mile. It graphically shows you HOW to do what Deming suggests in terms of running your business as a system.
But this book is valuable in giving you tips on how things should look.