Competition should not be for a share of the market-but to expand the market.
W. Edwards DemingRead
There is no substitute for knowledge.
Interpretation
What this quote means
Knowledge is irreplaceable and essential for success.
W. Edwards Deming emphasizes that knowledge plays a critical role in every field and cannot be replaced by anything else. In a world driven by technology and innovation, acquiring knowledge is the foundation upon which effective decision-making and successful practices are built, asserting that understanding and expertise are paramount in overcoming challenges and achieving growth.
Themes
KnowledgeEducationWisdomSuccess
In practice
Example use cases
In a motivational speech about the importance of lifelong learning.
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Don't expect smart people to listen to you without proof.
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Learn the basics of analytics and people will love you. If you don't have time to learn, hire someone.
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Just because you can measure everything doesn't mean that you should.
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