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Applying Deming Principles at Small and Medium-sized Enterprises

Deming Institute

The most common reasons provided for why the business was not profitable were: starting a business venture which is not well prepared, bad management of the venture, or extremely strong influences of market distortions. In any case, this is an indicator of wasted resources, and wasted dreams. Stephen Gordon CEO Opus Bank.

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The Case for Investing More in People

Harvard Business Review

.” There is a virtuous cycle between productivity and people: Higher levels of productivity allow society to reinvest in human capital (most obviously, though not exclusively, via higher wages), and smart investments result in higher labor productivity. Unfortunately, this virtuous cycle appears to be broken. And wages are stagnant.