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free enterprise

The six Ms of modern industrial organizations are: money, manufacturing, machinery, manpower, market, management. These are all related in a way because in order to be successful in a business you must focus on all six of these equally. Mass production x efficiency = success.3. Demings 14 points method: 1) Create a statement of aims and purposes of the company to give to the employees. 2) Learn the new philosophy. 3) Understand the purpose of inspection, for improvement. 4) End the awarding based on price tag alone. 5) Improve the constantly the system of production and service. 6) training 7) Teach leadership 8) Drive out fear, create trust. 9) Optimize towards the aims and purposes of the company. 10) Eliminate exhortions for the workforce. 11) Eliminate numerical quotas, Eliminate M..B.O. 12) Remove barriers for pride of workmanship. 13) Encourage education and self-improvement. 14) Take action to accomplish the transformation.4. A system is: A network of functions within an organization that work together for the aim of the company. Characteristics: Aim clear to everyone, must be viewed positively, separate parts work together.6. Paradigm Shifters: pioneers- they are risk takers, open the door for the rest and made it safe. Settlers- they will have problems with the future, need proof it is safe. Japan has the best paradigm pioneers. I would place myself under pioneer, because i am always will to take risks, I would rather find out myself rather than to follow behind someone else.9. A businesss relationship with the customer is very important, the relationship now is not just to make money off the customer, but to build a trust so the customer knows they he/she is wanted and appreciated. A good example of this is: Wal-Mart has a policy that if you own a RV and traveling that you are allowed to park your RV in their parking lot over night. Also, businesss are now answering the customer service phones p...

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