Tag: decision making

The Mindless Pursuit Of Perfection


Perfection is a costly objective. Perhaps it is time to accept good enough. Suppose I suggested that you could solve 80% of any problem for a given amount of money. Call it $1,000,000. If you want to go farther, the cost to solve the… Continue Reading “The Mindless Pursuit Of Perfection”

Price Cost and Value


Price and cost are not the same thing and anyone who equates them buys trouble in addition to whatever else they get. Cost is what you give.  Value is what you get.  Price is just a part of cost.  Value is what you want;… Continue Reading “Price Cost and Value”

Cost Comparison Shoppers Win


You can choose a ready guide in some celestial voice. If you choose not to decide, you still have made a choice. You can choose from phantom fears and kindness that can kill; I will choose a path that’s clear I will choose freewill.… Continue Reading “Cost Comparison Shoppers Win”

Compare and Contrast


When I was in high school, I found the compare and contrast essay form to be difficult. Later in business, I found it to be the most effective way to communicate important information. We live in a world where information is everywhere. Information is… Continue Reading “Compare and Contrast”

New Year’s Resolutions


“What you’ve done becomes the judge of what you’re going to do especially in other people’s minds. When you’re traveling, you are what you are right there and then. People don’t have your past to hold against you. No yesterdays on the road” From… Continue Reading “New Year’s Resolutions”

US Federal Debt Is Unchanged From 1970


Say What!!!??? The current US federal debt is somewhat north of 16.3 trillion dollars. In 1970, the debt was 370 billion dollars. That is hardly the same. It is 44 times greater. If you look only at the number. Upon examination of context, we… Continue Reading “US Federal Debt Is Unchanged From 1970”

How Institutions Survive


Never give a problem to someone who will be harmed if they solve it. If you do this, the organization or department tasked with solving the problem, will make the problem bigger and harder to measure. That is how they can justify their continued… Continue Reading “How Institutions Survive”

How A Visiting Martian Evaluates Candidates For Political Office


A visiting Martian has an advantage over Earthlings. He is objective. He has no history with us. How things came to be the way they are is not relevant to his decision making. He examines what is objective reality, calculates what should change and… Continue Reading “How A Visiting Martian Evaluates Candidates For Political Office”

On Pleasing Everyone


“You see, you can’t please everyone, so you’ve got to please yourself.” “Garden Party” by Rick Nelson According to Wikipedia, “he wrote Garden party in disgust after a Madison Square Garden audience booed him, because, in his mind, he was playing new songs instead… Continue Reading “On Pleasing Everyone”

On Regulation


One of my accounting firm partners was a big fan of wind-powered vehicles.  Ice racer, sail plane, and a 37-foot C&C sailboat.  The sailboat lived on Lake Huron.  He once told me that wearing a life jacket on the sailboat was a waste of… Continue Reading “On Regulation”

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