Trustonomics

W. Edwards Deming’s 14 points are the basis for transformation of industry. Adoption and action on the 14 points are a signal that the management intend to stay in business. aim to protect in…

Dr. Deming included the 14 points for management in Out of the Crisis. The 14 points provide some specific obligations that managers adopting a Deming management system must follow. Over time Dr. Deming realized these points were not as effective at communicating his management system and he favored using the…

Dr. W. Edwards Deming offered 14 key principles for management to follow to significantly improve the effectiveness of a business or organization. Many of the principles are philosophical. Others are more programmatic. All are transformative in nature. The principles (points) were first presented in his book Out of the Crisis. As…

To make corporate purpose effective, leaders must pressure test it with their teams, employees, and with themselves.

If you want to have a real cultural impact, it’s not enough to just be a viral Twitter meme.

Summum Bonum is an expression from Cicero, Rome’s greatest orator. In Latin, it means “the highest good.” And what is the highest good? What is it that we are supposed to be aiming for in this life? To the Stoics, the answer is virtue. If we act virtuously, they believed, everything else important could follow: […]

it calls on economists to consider the importance of centering relationships between individuals in economic analysis as opposed to focusing on the traditional rational actor.

The economics of trust from pre-history to blockchain and climate change

Read all of the posts by Rebecca P. on Trustonomics: How trust is driving the new economy

The CEO of Hintsa Performance argues that wellbeing is the foundation of sustainable high performance—not a reward for it.

Do You Need the Good Jobs Strategy? Leaders of companies that have decided to follow the Good Jobs Strategy give us three main reasons: financial, competitive, and moral. You can watch leaders of Costco, H-E-B, Quest Diagnostics, Mud Bay, and Managed By Q tell their own stories of why they chose to offer good jobs. […]

Here's an interesting idea we might develop for TRstonomics?

Many companies have cut or frozen employees’ pay during the pandemic, but research shows that paying workers more can boost the bottom line.

“Once we increased our starting wage to $15 an hour, the positive impact on employee morale and retention – and the surge in job applicants – was immediate. In fact, the month after we raised our starting wage, applications for hourly positions more than doubled. Employees who saw their paychecks increase told us that they had an easier time providing for their families and were able to spend on things like car repairs and home improvement projects. In short, the investments we made in our hourly employees were quickly transferred to local businesses and economies.”

Toward a Resilient 21st Century American Capitalism: Investing in Workers and Promoting Inclusive Growth

Addressing our chronic under-investment in workers