Be Informed | Get Involved

Time – Money – Quality

In Tax on April 8, 2010 at 11:32 pm

Every day, in business, politics; life, people struggle to make the right decisions that create the most efficient and desirable results.  One of the things we learn in business school and especially on project planning is the efficiency trinity.  If you are not familiar with this imagine a triangle with three sides all equal.   On one corner is the word “Time”, the second “Money”, and the third “Quality”.  The first thing you learn, either in school or in the real world is that no matter what you do, there is no such thing as cheap, quick, superior product.  Sure now we create products fast, but quality if there is any is as a result of the money spent on tool and die automation.  That is not cheap.

Think of the pressures this way.  If you want something fast with a great amount of quality, you are going to likely spend more money to get that result.  If you want something fast and cheap you will sacrifice quality.  If you don’t want to pay a lot and want it to have a high degree of quality, it is going to take a long time to get there.

These forces are not business only forces.  This is happening in every sector of life.  Government cannot bend this process.  They are subject.  That is why governments face the need to reduce quality or quantity of services when funds run low.  The only way to avoid it is to allow for more time or apply more tax money.

Opinion “C” is: When the government passes legislation that seems as if it is going to defy the natural order of the efficiency triangle, then when it does not work, don’t be surprised when the frustrated electorate chooses another course of action.

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