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IKEA - new positioning and format

8 September 2023

Quote of the daydata-driven management

He who runs his company on visible figures alone will soon have neither company nor visible figures to work with.

W. Edwards DemingAmerican statistician and quality-management expertAttributed

Principle of the day

Goodhart’s law

When a measure becomes a target, it ceases to be a good measure; KPIs should be paired with quality controls and broader context.

Charles GoodhartBritish economist associated with Goodhart’s lawSource: What is Goodhart’s Law?

Quote of the dayleadership

Patience is a virtue, and I’m learning patience. It’s a tough lesson.

Elon MuskFounder of SpaceX and CEO of TeslaAttributedView profile: Tesla

Quote of the daystrategic quality

Where is quality made? Quality is made in the boardroom.

W. Edwards DemingAmerican statistician and quality-management expertAttributed

Principle of the day

Metcalfe’s law

The value of a network grows with the number of possible connections among its participants; growth should also be assessed by user quality and activity.

Robert MetcalfeAmerican engineer and co-inventor of EthernetSource: Metcalfe’s law

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