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Deadly Disease of Management: Emphasis on Short-term Profits

Deming Institute

One of Dr. Deming’s 7 deadly diseases is: Emphasis on short-term profits: short-term thinking. I wrote on my Curious Cat Management Improvement blog in 2007, Eliminating Quarterly Earnings Guidance : “It is good to see more people understand the bad practice of excessive short term focus on quarterly profits.

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The 'Invisibles' in Business Performance

QAspire

Edwards Deming is widely famous for “Deming’s 14 points” and “Seven Deadly Diseases”. One of these deadly disease according to Deming is “ Running a company on visible figures alone ”. Deming opined that everything that is critical for business performance may not be measurable. Well said, Tanmay! Success is guaranteed.

Deming 158
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Debriefing as Continuous Improvement

Strategy Driven

Whether it was branded the Deming Method or Six Sigma or a host of other models, ‘continuous improvement processes’ found their way into organizations large and small and have made a major contribution to improving quality worldwide. Keep your company fighter-pilot agile in any turbulent or changing market.