"The theory of knowledge helps us to understand that management in any form is prediction."
-W. Edwards Deming, The New Economics
Other Deming observations:
Knowledge is built on theory;
Use of Data requires prediction;
There is no true measurement without an operational definition;
Information is not knowledge.
Friday, May 13, 2011
Management is Prediction
Topic Tags:
economic development,
education,
government,
philosophy
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