Competition should not be for a share of the market-but to expand the market.
W. Edwards DemingRead
If you don't understand how to run an efficient operation, new machinery will just give you new problems of operation and maintenance. The sure way to increase productivity is to better administrate man and machine.
Interpretation
Understanding operations is key to maximizing productivity; new tools won't solve issues without effective management.
W. Edwards Deming emphasizes the importance of efficient operation management in any organization. He argues that simply introducing advanced technology or machinery does not guarantee higher productivity; rather, it's crucial to have a solid understanding of operational processes and proper management of both human and mechanical resources to truly enhance productivity and reduce problems.
In practice
In a business seminar focused on operational excellence.
Competition should not be for a share of the market-but to expand the market.
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