Cost-cutting is upside down and inside out

Cost cutting is the wrong way to go. Not because cost cutting is wrong. But controlling costs comes from identifying what is worthwhile and keeping score.

Working in the opposite direction will take us into the proverbial drink, probably with a crocodile lurking in the shallows.

UK economy watch: Plastic Electronics

I thought I would start recording all the exciting bits of the economy.

Cambridge has produced some of the exciting developments in organic electronics. Which has led to a new e-reader, btw.

But my mood changed when I tried to find the details of the government awards and tried to subscribe by RSS feed. Hmm. . .

What happens when we make savage cuts to an organization?

Will cuts in the public service lead to creativity and innovation? They might. They could. But will they?

Unless the leadership takes special care, it is much more likely the cuts will lead to the isolation of the leadership.

But this is real life not a text book. What happens is a story that we write with each other. With luck, the leadership understand all this already.

If we don’t find productive enterprises soon, we might find we have another bubble

I am just a lowly work psychologist but I’ve been questioning economists for sometime about the industries which are flourishing and will be the power houses of the future.

Now financial economists are asking too, because the very people who should be moving money accumulated in old businesses to invest in new businesses are not moving the money as they should. They are putting the money into salaries, in part and sitting on the rest. We intuitively know this is wrong. This is a (highly) simplified account of what should happen, what is happening and what will happen next.

What other people have learned about the cuts business

We are at the stage of chattering about cuts. Oops, being consulted about cuts.

I don’t think anyone in UK really wants to know how other people have coped with cuts. But the general discussion reminds me of what I learned elsewhere.

For what it is worth, the first in a four part series.