Credit that Never Happened

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Notes

Have you ever noticed that nobody every gets credit for fixing problems that never happened. The following is a reimplementation of a very insightful model from a paper by Repenning and Sterman that looks at the implication of working harder or working smarter.

  • It also occurred to me that there is a nice point to be made about how you manage costs against performance. E’g. If you fix costs with a rigid budget then you wont improve..... hence the need to borrow to invest. -- Geoff McDonnell [12.06.07]
  • Gene, in http://insightmaker.com/insight/1899 what if you had a Performance measure as the ratio Actual Performance/Cost of operation? Geoff McDonnell [12.06.08]

Elements

Related

An attempt to integrate the ideas in the D-memo into a single model framed around the work harder/smarter model. It needs a bit of tidying up, which Geoff McDonnell intends to do when he sorts out double loop learning (if that ever happens).

References

Additional Resources
Systems Thinking World Discussions
Systems Thinking World Q&A * Gene Bellinger
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