Competition should not be for a share of the market-but to expand the market.
W. Edwards DemingRead
Management by results - like driving a car by looking in rear view mirror.
Interpretation
What this quote means
Focusing solely on past results can hinder effective management and decision-making.
W. Edwards Deming's quote emphasizes the importance of looking forward rather than just reflecting on past results in management. By comparing management to driving a car while only observing the rearview mirror, he illustrates that an overemphasis on historical performance can lead to overlooking current challenges and future opportunities, which is detrimental to organizational success.
Themes
ManagementResultsLeadershipFuturePast
In practice
Example use cases
In a business seminar discussing effective management strategies.
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