The focus on Supply and Demand through economies of scale has contributed to our conditioning towards cheaper products, while pursuing something for nothing. This has resulted in the illusion of Quality e.g. short term appearance of quality with more promotion and waist. Valued substance has been lost and useful content has diminished, while any incentive to strive for value erodes. For most our definitions for Quality, Innovation, productivity has also deteriorated to make it difficult to raise those standards again. Adopting the terminology without the appropriate practises contributes to this situation.
A classic example of a Value based system is evident with value based pricing that might be upheld by savvy consultants in the realisation that to achieve true innovation and a commitment to the desired results the environment must support it through trust and without constrictions.
Those captivated with old management practices might not appreciate that it is all about value and not supply and demand that can be counter- productive, hindering innovation.
Many bureaucracies might have innovation as the prime goal, but can only consider best practices in innovation; not realising that their current culture inhibits many opportunities to innovate further. Thus, they become dependent on outside facilitators that support their existing culture.
“The Evolution of Strategic Management” (http://Books.InGeniusResults.com) helps to open our minds to these self-imposed limitations as it encompasses an education in strategies and uncovers the issues that highlight the real challenges of today. It also gives hope for a better future by identifying opportunities, e.g. create value based systems. It challenges everyone to realise the illusions and their consequences to strive towards better models, with a lift in capabilities that can bridge the known gaps.
Many businesses and industries need to improve productivity, innovation, effectiveness and their revenue options but may not realise that there could be something better.
Why wait for the inevitable. Can you identify a system that struggles as quality and trust deteriorates?