The problem with the current application of the business model. W. - TopicsExpress

The problem with the current application of the business model. W. Edwards Demings five deadly diseases of management. Recognize any? 1. Lack of constancy of purpose. a. No planning for the future. b. Lack of long-term definition and goals. 2. Emphasis on short term profits. a. Worshipping quarterly dividend. b. Sacrificing long-term growth 3. Annual rating of performance. a. Arbitrary and unjust system. b. Demoralizing to employees. c. Nourishes short-term performance. d. Annihilates team work, encourages fear. 4. Mobility of management. a. No roots in the company. b. No knowledge of the company. c. No understanding of its problems. 5. Use of visible figures only. a. No use of figures that are unknown and unknowable. b. Encouraged by business schools. https://youtube/watch?v=ehMAwIHGN0Y

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