The New Economics, Third Edition: For Industry, Government, Education
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In this book, W. Edwards Deming details the system of transformation that underlies the 14 Points for Management presented in Out of the Crisis. The Deming System of Profound Knowledge, as it is called, consists of four parts: appreciation for a system, knowledge about variation, theory of knowledge, and psychology. Describing the prevailing management style as a prison, Deming shows how applying the System of Profound Knowledge increases productivity, quality, and people’s joy in work and joy in learning. Another outcome is short-term and long-term success in the market. Indicative of Deming’s philosophy is his advice to abolish performance reviews on the job, to look deeper than spreadsheets for opportunities, and even to rethink how we teach and manage our schools. Moreover, Deming’s method enables organizations to make accurate predictions, which is a valuable tool in today’s uncertain economic climate.
This third edition features a new chapter (written by business consultant and Deming expert Kelly L. Allan) that explains the relevance of Deming’s management method, and case studies from organizations that have adopted Deming’s System of Profound Knowledge, and offers guidance on how organizations can effectively “do Deming.”
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W. Edwards Deming (1900–1993) was an international consultant in management and quality. In 1987, he was awarded the National Medal of Technology and Innovation by President Ronald Reagan.
David Stifel was born and raised in Denver, Colorado. Bitten early by the acting bug, he studied his craft at the Yale School of Drama. After graduation, he found himself in the usual array of interesting day jobs such as casino porter at Lake Tahoe, ESL teacher in Iran, and Egypt, and video game programmer in the Atari/Intellivision era. Concurrently he worked in films and TV shows for such directors as Steven Spielberg (Minority Report), Danny Boyle (A Life Less Ordinary), and Joel Schumacher (The Number 23). David entered the audiobook field in 2011, when he launched a long-term podcast of serializations of the works of Edgar Rice Burroughs. Today he is a multi-award-winning narrator with more than 125 audiobooks to his credit. His growing catalog of audiobooks is strong on thrillers, horror, sci-fi, and mysteries. David's rich baritone voice also lends itself very well to nonfiction memoirs and history-popular and academic. His classical acting training makes him very strong with heightened literary language. Pegged as a "character actor" from youth, his facility with numerous characters is frequently praised by reviewers and listeners.
