Posted on 07/23/2018 9:25:37 AM PDT by John Conlin
In the flow of this 3.8 billion-year-old river of life it is death, not life, that drives evolution. Death is that which sculpts the flow of life. In the marketplace of business it is failure, not success, that shapes, sculpts and hones that which survives.
Whether it is an inability to survive in ever-changing physical conditions or an inability to convince enough people to purchase your goods or services at the price you require, demise of the entity controls and shapes what remains.
Whether it is an inability to survive in ever-changing physical conditions or an inability to convince enough people to purchase your goods or services at the price you require, demise of the entity controls and shapes what remains.
Death and failure are the invisible hands that ensure these systems remain somewhat in balance. They put a brake on a natural tendency for expansion since growth is only allowed via success. There is simply no other way. They also put a brake on poor management by sooner or later severely punishing unproductive behavior.
Death and failure also create a dynamism that infuses the entire system and thus guarantees a flow of experimentation, change, improvement, adaptation. This occurs regardless of any individual entitys desires. As the great business guru W. Edwards Deming noted, It is not necessary to change. Survival is not mandatory. This is true whether life or business.
There is one exception to this, and it puts the entire planet at risk. These entities are the nonprofit organizations we call government. Unlike the for-profit world, these entities seldom have the mighty chisel of market failure to shape and sculpt them.
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thanks
jc
A very good post.
The restraint on governments has always been other governments or sometimes, people within the country governed.
Governments seldom live as long as a tortoise.
And that’s why...
“Government is not eloquence, it is force; like fire a troublesome servant and a fearful master and as such should never be put into the hands of the incompetent’’.- George Washington.
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