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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.

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Using Outdated Management Practices Can Be Very Costly

Deming Institute

Readers of this blog are aware of the problems created by using quotas: Achieved the goal by not the aim (2013) – The Futility of a Numerical Goal (2014) , Distorting the System, Distorting the Data or Improving the System (2013) , Dr. Deming on the problems with targets or goals.

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China's Luxury Consumers Grow Up

Harvard Business Review

Luxury goods marketers in China received some good news last month. After the country's annual policy planning meeting, Minister of Commerce Chen Deming announced that Beijing would soon reduce tariffs and cut red tape on luxury goods imports. The Chinese market for luxury products has been booming recently. Subtlety is chic.

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