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* Lack of constancy of purpose Emphasis on short term profits Evaluation of performance, merit rating or annual review Mobility of top management Running a company [...]
Archives for Economics
On Commuting and The Economy
Yesterday, I left downtown Cleveland at 3:45 headed to a 4 o’clock meeting. I was probably going to be 5-10 minutes late. Instead I ended up calling to reschedule, and still didn’t make it home till 6:15. Two and half hours, for a drive that usually takes me 45-55 minutes. Google maps says 38 minutes, [...]
Drop What You Are Doing…
And read this now
Pizza, Lebron, and Economics
Papa John’s in the Northeast Ohio had 23 cent pizzas yesterday. People waited in line 5 hours to get these pizzas. Keep in mind, you were limited to one pizza per household. So let’s say that it would have cost you $10.23 for that same pizza, without the special. You saved $10 by waiting in [...]
