Synthesized answer
The central thesis of *Out of the Crisis* is that American company management's failure to plan for the future leads to loss of market and jobs [Passage 1]. Deming's work presents a framework for transforming how people, processes, and resources are led and managed [Passage 1].
The book explains what managers have been doing incorrectly and outlines what they must do to overcome this crisis [Passage 1]. Deming emphasizes that management should be evaluated not solely on quarterly dividends, but also on their innovative plans to stay in business, protect investments, ensure future dividends, and create more jobs through improved products and services [Passage 1].
Synthesized from the book passages below. Chat with the book on Feynman for follow-up.
From the book
Title: Out of the crisis by W. Edwards Deming Description: The author explains what he believes managers have been doing wrong, informs them what they must do, and shows them Demings' Way Out of the crisis. --- Google Books --- Title: Out of the Crisis, reissue by W. Edwards Deming Description: The classic and deeply influential work on business management, leadership, problem solving, and quality control—based on Denning’s famous 14 Points for Management. Now reissued for the managers and leaders of today! Translated into 12 languages and continuously in print since its original…
s through improved product and service In simple, direct language, Deming explains the principles of management transformation and how to apply them. This edition includes a foreword by Deming’s grandson, Kevin Edwards Cahill, and Kelly Allan, business consultant and Deming expert. Categories: Business & Economics Pages: 450 Snippet: This edition includes a foreword by Deming’s grandson, Kevin Edwards Cahill, and Kelly Allan, business consultant and Deming expert.