Re: Misconceptions about Deming

[demingtw <demingtw@ms17.hinet.net>]

RC wrote

> Deming criticized executives' concern with the performance of the company's
> stock.  However, the company's ability to invest in improvements and
> innovations is affected by financial performance.  Tending to financial
> performance and the expectations of Wall Street is a part of the
> responsibilities of executives of publicly traded corporations.  Executives
> cannot afford to ingore or downplay the importance of this issue for a
> corporation.  Deming should have realized that this was one of the "facts
> of life" that he talked about.
>
>

  Dear RC,

Thanks for the input. IMHO,  I think a critical exposition of the WED's SoPK is
far more important in the research agenda. Nevertheless, the approach you chose
is also  quite nice. Some suggestions to this group.

I hope for each subject raised for discusson, please help the readers to quote
the origins of WED's works. If some of us like to summarize some previous
related discussions in DEN, that would be much better. For example, I think we
talked about the 'tyranny of stock market' and so onlast year and perhaps most
of us forgot them.

For a 'justification' of WED's criticism, I think many articles can be
generated based on stable system, tampering, funnel rules, MBO, 'creative
accounting'... But I like to quote from p. 23 of OOTC: Adoption and action on
the 14 points are a signal that the management intend to stay in business and
aim to protect investors and jobs.

That might implythat  if stock market performance is a real  represenation of
WED's  business system-- Unfortunately if you think out of 200 CEOs of Fortune
200, about 40 left last year, then WED's 'How poor are they that have not
patience.' quotation is still the driving force of the market.Perhaps the
'timing' domains of markets and transformation are in conflict in most CEOs'
minds.

Happy New Year.

Hanching Chung
http://www.deming.com.tw
Take this not as a fair repayment
But as a pledge of enduring love.
---from a re-quotation of my Homage to WED, last Dec. 20.