Deming on the Financial Crisis From Beyond the Grave

Tell me these aren’t relevant. Tell me it isn’t like a summation of Wall Streets mistakes leading up to 2008. Deming died in 1993.

Deming’s 7 Deadly Diseases of Management*

  1. Lack of constancy of purpose
  2. Emphasis on short term profits
  3. Evaluation of performance, merit rating or annual review
  4. Mobility of top management
  5. Running a company on visible figures alone
  6. Excessive medical costs
  7. Excessive legal damage awards swelled by lawyers working on contingency fees