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Productivity Goals, According to Deming, Should Be Strictly Numerical to Avoid

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Productivity goals, according to Deming, should be strictly numerical to avoid ambiguity.


Definitions:

Professional Basketball

A sport played at the professional level, characterized by two teams of five players each trying to score by throwing a ball through an opponent's hoop.

Market Income

Wage and property income before transfers and taxes.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to a manual or unskilled worker.

Executive Compensation

Refers to the financial payments and non-monetary benefits provided to high-level management in a corporation, which may include salary, bonuses, stock options, and other benefits.

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