article thumbnail

2011 ASA Deming Lecture by Roger Hoerl – Need Any Country be Poor?

Deming Institute

2011 ASA Deming Lecture by Roger Hoerl, GE Global Research: The World Is Calling; Should We Answer? Roger starts by discussing some areas of Deming’s work that are not getting the focus they deserve. I also want to talk about Deming’s emphasis on the big picture, the big problems.

Rogers 28
article thumbnail

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. At Berkshire, managers can focus on running their businesses: They are not subjected to meetings at headquarters nor financing worries nor Wall Street harassment. How to Stop Short-Term Thinking at America’s Companies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

News Flash: Innovation Is No Longer Just a Specialist’s Job. Now Here’s How to Involve Your Whole Workforce Instead

Strategy Driven

What’s not understood is how to do it. Left brainers are critical to accomplishing the engineering, finance, production and operational work that’s required to make meaningful change happen. 16, 2018) describes how to transform innovation from random acts to a reliable science. That’s not the purpose of Innovation Engineering.

article thumbnail

Management by Extremes

Deming Institute

In consideration of the manufacturing concept of “single-minute exchange of dies,” why not “single-second”? In regards to finances, what can be said about cost goals? Should they, as well, always be less-is- better, in which case we buy on price tag alone, shunning Dr. Deming’s fourth point (from his infamous 14) , even when selecting a (..)