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Tag: economics
Management Articles
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Who Really Cooks the Books?
by
Warren Buffett
"For many years, I've had little confidence in the earnings numbers reported by most corporations. I'm not talking about Enron and WorldCom - examples of outright crookedness. Rather, I am referring to the legal, but improper, accounting methods used by chief executives to inflate reported earnings.
The most flagrant deceptions have occurred in stock-option accounting and in assumptions about pension-fund returns. The aggregate misrepresentation in these two areas dwarfs the lies of Enron and WorldCom."
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Knowledge workers are the new capitalists
by
Peter Drucker
"knowledge workers are highly mobile within their specialism. They think nothing of moving from one university, one company or one country to another, as long as they stay within the same field of knowledge. There is a lot of talk about trying to restore knowledge workers' loyalty to their employing organisation, but such efforts will get nowhere. Knowledge workers may have an attachment to an organisation and feel comfortable with it, but their primary allegiance is likely to be to their specialised branch of knowledge."
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Teachers Cheating and Incentives
by
Dan Ariely
"they began to do anything that would improve their performance on that measure even by a tiny bit—even if they messed up other employees in the process. Ultimately they were consumed with maximizing what they knew they would be measured on, regardless of the fact that this was only part of their overall responsibility."
Management Web Sites and Resources
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French Deming Association
"Our purpose is to help our members and to coordinate their studies, in order to promote a way of management which respects human dignity."
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Madison Area Quality and Innovation Network
Community based quality improvement network founded in Madison, Wisconsin in 1987. "Our vision is to be a driving force behind positive economic and social change by promoting widespread application of customer-driven continuous improvement methods throughout the community"