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.
The job can't be finished only improved to please the customer.
Don't expect smart people to listen to you without proof.
Quality begins with the intent, which is fixed by management.
Learn the basics of analytics and people will love you. If you don't have time to learn, hire someone.
Just because you can measure everything doesn't mean that you should.
The world's biggest problems are the world's biggest market opportunities. And that's a huge thing. Solve hunger, literacy and energy problems, get the gratitude of the world and become a billionaire in the process.
He who by an exertion of mind or body, adds to the aggregate of enjoyable wealth, increases the sum of human knowledge, or gives to human life higher elevation or greater fullness - he is, in the larger meaning of the words, a " producer," a " working man," a " laborer," and is honestly earning honest wages.
To be successful, you have to be out there, you have to hit the ground running, and if you have a good team around you and more than a fair share of luck, you might make something happen. But you certainly can't guarantee it just by following someone else's formula.
It seems to me that self confidence and the ability to stand one's ground are essential if we want to succeed in life. I am not talking of stupid self-assurance but of an awareness of our inner potential, a certainty that we can always correct our behavior, improve ourselves, enrich ourselves, and that things are never hopeless
I believe you make your own luck. My motto is 'It's always a mistake not to go.'
If you're to succeed at any endeavor, the first and most important person you must convince is yourself. Success comes not from merely a belief that you can do it. Success comes when you absolutely know you can achieve it
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