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Yoshida also preached a management principle he termed “The Cycle of Goodness.” It holds that “no one prospers unless he renders benefit to others.” I part
by srean 12y ago
Yoshida also preached a management principle he termed “The
Cycle of Goodness.” It holds that “no one prospers unless
he renders benefit to others.”
I particularly liked that line. That is how things ought to be but not sure that is how it plays out. For example I am quite skeptical whether removing arbitrage opportunities over a timescale of milisecond really benefits anybody.
- calinet6 12y agoThere are other practices that surely come into play as well—you don't achieve quality simply by this "cycle of goodness." The Japanese after WWII took Deming's quality concepts—specifically that quality is the product of management, knowledge, statistics, and systems—and ran with them, embracing them more than any other society. This turned Japan from a cheap-goods manufacturer, into a country nearly fully respected for quality production, in a matter of a decade. Want to produce quality like YKK does? It's no big mystery, it's not special, and it's not a miracle. Learn about Deming, follow his systems of management and teaching, and it will start to become clear. This applies to any company producing anything. http://en.wikipedia.org/wiki/W._Edwards_Deming http://en.wikipedia.org/wiki/W._Edwards_Deming