18 February Reinventing Government (...modicum...)

[Paul Terlemezian]

A "popular" lament is the expression of frustration that accompanies the words - "We are being asked to produce more results with fewer resources."

 

What would be the consequences of producing less results with more resources?

 

What would we want our government to do? What do we expect them do to do?

 

Drucker offers this method for doing more with less:

 

1. Conscious abandonment of thiings that no longer produce the desired results

2. Focus on things that work - that produce results

3. Analysis of the rest to determine whether to abandon or focus

 

With an absence of results as the measure we can only cut costs - usually "across the board" which has the risk of impact to things that were working.

 

What other means exist to do more with less?

[Paul Terlemezian]

Last year - I read "Blue Ocean Strategy" - I wish I had not waited too long - my consolation is that the book has been updated and the new version seems to emphasize how to avoid swimming back to the "Red Ocean" as we face challenges.

It suggests a thinking mindset that focuses on the value that the client needs (independent of what competitors are doing or how buyers have been buying) and then:

1. Deciding to stop doing what everyone else is doing (that costs money but does not differentiate) - hence save money

2. Decide what to reduce doing (and save money)

3. Decide what to perhaps over-emphasize (spend some of the saved money to clearly differentiate)

4. Decide what to do that no one else does (I particularly like this one because it has the potential to leverage alliances as a means of offering something new to one's industry.)

I suggest that you (re)read "Blue Ocean Strategy" as a means of finding a way to do more with less!