Deming and Cooperation

Powerful Essays
ANALYZING DEMING IN THE CONTEXT OF GAME THEORY

Abstract
The objective of formulating business decisions within the context of game theory is to generate “wins” with no negative consequences in a multilevel, multiplayer business environment. This can be easily done with cooperation between corporations. When both players “win”, neither feels the need to retaliate against the other and the most total good is created. However, such cooperation is often impossible or not in one’s best interest. The Deming based approach would be to change the rules of the game until a system is implemented in which all players along the supply chain are working together towards a common goal. Winning in business and in life necessitates changes to how one thinks about cooperation and reward.
This paper will discuss the moral and financial implications of cooperation and competition in business as demonstrated in game theory. One may say that there is a moral imperative to treat other well and not benefit at another’s expense. This directive is certainly well meaning, however, it may interfere with the best possible good for a person. At what point, if ever, does the moral imperative of fair play and cooperation detract from financial gain? It would be nice to think that there will be in all situations a benefit to cooperation as opposed to competition, but that has historically been shown not to be so. One needs a realistic rather than idealistic model to which he can adhere; otherwise, such directives lose their empirical necessity and become nothing more than academic speculation. Game theory sets forth a series of parameters for persons to consider when trying to maximize one’s personal benefit while making sure that the long term success of a company and a society are ensured. Game Theory Introduction
Game theory states that rational players will act rationally in their best interest. In any situation where there are several possible future outcomes,

You May Also Find These Documents Helpful

  • Powerful Essays

    Deming

    • 5741 Words
    • 23 Pages

    William Edwards Deming (October 14, 1900 – December 20, 1993) was an American statistician, professor, author, lecturer and consultant. He is perhaps best known for the "Plan-Do-Check-Act" cycle popularly named after him. In Japan, from 1950 onwards, he taught top management how to improve design (and thus service), product quality, testing, and sales (the last through global markets)[1] through various methods, including the application of statistical methods. Deming made a significant contribution…

    • 5741 Words
    • 23 Pages
    Powerful Essays
  • Best Essays

    Deming

    • 2565 Words
    • 11 Pages

    Table Of Contents 1Introduction 3 1.1Microsoft Background 3 1.2The Aim Of Report 3 2.Quality Chain Reaction 4 3.The 14 Deming’s Point 5 4.Conclusion 11 5.Reference 13 1Introduction 1.1Microsoft Background Microsoft Corporation is a multinational computer technology corporation that develops, manufactures, licenses, and supports a wide range of software products for computing devices. Its most profitable products are the Microsoft Windows operating system and the Microsoft Office…

    • 2565 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Deming

    • 640 Words
    • 3 Pages

    W. Edwards Deming He was an eminent scholar and teacher in American academia for more than half a century. He published hundreds of original papers, articles and books covering a wide range of interrelated subjects—from statistical variance, to systems and systems thinking, to human psychology. He was a trusted consultant to influential business leaders, powerful corporations and governments around the world. This includes inspiring and guiding the spectacular rise of Japanese industry after World…

    • 640 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Juran and Deming

    • 1039 Words
    • 5 Pages

    Juran and Deming W. Edwards Deming and Joseph M. Juran pursued their efforts and devoted their lives to helping organizations improve the quality of their products and services. Their impact is now worldwide and their accomplishments eminent. Deming and Juran’s amazing lives paralleled each other in many ways. As youths, both experienced hard times. However, they both overcame their humble beginnings, graduated from college, and embarked on their careers. Both Juran and Deming started…

    • 1039 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    DEMING interview

    • 3782 Words
    • 11 Pages

    CONTROL DE LECTURA LECTURA 3 The Roots of Quality Control in Japan An Interview with W. Edwards Deming6 Dr. Deming, you said it will take about thirty years for the United States to catch up with Japan. This is a somewhat pessimistic view of the United States. Would you elaborate on this point? I don’t really know how long it will take. I think hit will take thirty years; it should take all of thirty years. I don’t think America will catch up with Japan because, so far as I can see, the Japanese…

    • 3782 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Deming Philosophy

    • 1566 Words
    • 7 Pages

    will: Set an example; Be a good listener, but will not compromise; Continually teach other people; and Help people to pull away from their current practices and beliefs and move into the new philosophy without a feeling of guilt about the past." Deming advocated that all managers need to have what he called a System of Profound Knowledge, consisting of four parts: Appreciation of a system: understanding the overall processes involving suppliers, producers, and customers (or recipients) of goods…

    • 1566 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Demings Approach

    • 3000 Words
    • 12 Pages

    overall goal of achieving customer satisfaction. Along with the fourteen basic points of his theory of management, Deming also defines what he calls the deadly sins and diseases that virtually every company in the West is being crippled by. It is vital to grasp from the outset that Deming’s philosophy requires the highest level of corporate cultural change. The initiative to implement the Deming approach must start at the top and will almost without doubt change many of the traditional views held by the…

    • 3000 Words
    • 12 Pages
    Good Essays
  • Good Essays

    Demings Award

    • 1937 Words
    • 8 Pages

    Explaining the TQM process at Sundaram Clayton, Venu Srinivasan, managing director, (and also chairman and managing director of sister company, TVS Motor - another Deming recipient - ) says, "It is a company-wide effort at continuous quality improvement of all processes, products and services through total employee involvement, that results in increasing customer satisfaction and loyalty, and improved business results." Interestingly, the TVS group adapted to the TQM concepts and assimilated them…

    • 1937 Words
    • 8 Pages
    Good Essays
  • Better Essays

    W. Edwards Deming

    • 1480 Words
    • 6 Pages

    W. Edwards Deming is probably best known for his "14 Points for Management", the key actions management must take to ensure quality, productivity, and success. Among other things, this plan encourages leaders to stop doing business based on price alone, to constantly improve the production system, to utilize job training, and to encourage pride in workmanship. Deming also taught management leaders to encourage cooperation at all levels. In addition, he instructed them to assure job stability and…

    • 1480 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Global Cooperation

    • 1285 Words
    • 4 Pages

    Important Global Cooperation Shirley Zhang University of San Francisco Important Global Cooperation There is a Chinese proverb that says, “One chopstick is easily broken, but ten pillars chopsticks firmly hold dough.” This reveals a simple rule that unity is much stronger than individuals, and if you do not want to be beaten, you should unite and cooperate against enemies together. This proverb can also be used internationally. Global cooperation is important to maintain economy, and improve…

    • 1285 Words
    • 4 Pages
    Better Essays