Leader Quote by W. Edwards Deming
“Management is prediction.”
About This Quote
Source Book: Out of the Crisis, W. Edwards Deming, 1982
Effective management relies on anticipating future conditions and planning accordingly.
In simple terms: Management is about forecasting.
Key Takeaway
Develop accurate predictive models.
Themes
planning
forecasting
leadership
Mood
analytical
pragmatic
Type
instructional
strategic
When to use this quote
- supply chain
- project scheduling
- risk assessment
- strategic planning
Key Concepts
systems theory
decision making
Questions to Reflect On
- How do you validate your forecasts?
- What contingency plans mitigate prediction failures?
A Different Perspective
Predictions can be wrong, leading to costly errors.
