Management Concepts

I was really moved while going through management concepts of WALTER EDWARD DEMING.

Few of them which touched me are -

1. Drive out fear so that everyone may work effectively for the company.
2. Break down barriers between departments.
3. Institute a vigorous program of Education and self- improvement.

Business Success depends on few things -

1. The failure to focus single mindedly on sales in the number one cause of Business failure.

2. Efficient internal systems of bookkeeping, accounting, inventory management & cost control must exist. Poor control of Operational costs & internal administration is the number two reason for business failure.

3. There must be a clear sense of direction & high level of synergy & team work in the organization. The enterprise/ Company should function like a well-oiled machine with a place for everyone & everyone in his or her place, performing at his or her best.

4. Finally the company should never stop learning, growing, innovating and improving.

By practicing these laws you can run a successful business.