In this episode of the Profound Podcast, I engage in an insightful conversation with Richard Steele, founder and president of Peeker Services. We explore his journey from rebuilding locomotives to embracing W. Edwards Deming's principles, leading to a radical change in his company's management practices, particularly around performance appraisals and bonus systems. Steele shares transformative moments, like presenting his new pay program to the Detroit Deming study group, including Dr. Deming himself, and the eventual transition of his company into an employee-owned structure. The dialogue delves into the practical applications of Deming's theories in the workplace, the power of collective problem-solving, and the importance of fostering a culture of learning and adaptation. Finally, we take a look at some of Dick's critiques of Deming's Journey to Profound Knowledge.
Steele's narrative demonstrates a successful integration of system thinking and the profound impact of shifting from traditional merit pay to a more inclusive and equitable model, redefining quality and performance metrics within his organization.
Richard's LinkedIn can be found here:
https://www.linkedin.com/in/richard-steele-6586477/
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