If I know the price of something I own will go down tomorrow, then I will try to sell anything I do not need today. Deflation encourages me to buy only what I need right now, and offload anything extra. This results in less waste and more efficiency.
If I know the price of something will go up tomorrow, then I will try to buy it today hoping to sell for more. And I will buy, even if I have no need of it. In fact, I might even buy as much as I can. Inflation encourages hoarding. Hoarding causes shortage, leading to price increasing even more. Leading to even more inflation.
Zero-based Budgeting and ZBO
tags
business.architecture,
change,
culture,
design,
strategy
Zero-based Budgeting[1]
It's a story that plays out across industry sectors and change efforts, particularly in this age of digital transformation. Companies embark on a project intending to optimise every existing process.
UKgov to "root out waste" with "zero-based" Budgeting
tags
brexit,
gov,
governance,
leadership,
legislation,
policy,
principles,
strategy
The new government is saying all the right things. Only time will tell whether they make a difference. The last few governments also started with lots of hope but lost their way somewhere down the road, and now their legacy lies in tatters. Let's hope this gov lives up to their promises!
A Shelter for Christmas
tags
culture,
governance,
policy
I spent this Christmas with the homeless & rough-sleepers in a shelter, served by various staff who were all unpaid volunteers.
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