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MIT Press

New Economics for Industry, Government, Education, third edition

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New Economics for Industry, Government, Education, third edition

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A new edition of a book that details the system of transformation underlying the 14 Points for Management presented in Deming''s Out of the Crisis. It would be better if everyone would work together as a system, with the aim for everybody to win. What we need is cooperation and transformation to a new style of management.” —from The New Economics for Industry, Government, Education 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 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