A Quote by Phil Harding
Business and the environment: Wasting resources costs the earth - and lowers your competitive edge
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Obviously businesses do not operate like an artists' commune. Business involves deploying finite resources to achieve goals in a competitive environment to make money. That is something creative people understand.
The experience curve says that your costs should probably decline by 15% or 20% with every doubling in your experience making a product, approximately how many of them you turn out. It also says that if you have the biggest market share, meaning the most experience of anybody in your competitive set, you should have the lowest costs, and the resultant capability to underprice your competitors, maybe forever. The abiding lesson of the experience curve is that companies need to discipline themselves to keep reducing their costs, year in, year out, if they are to remain competitive.
The wasting of finite resources is everyones business
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And, in the past, it has been all too easy for legislators to load costs onto business in order to meet broader social goals. And costs for business means costs for consumers.
The purpose of business is to make a reasonable return by making products and services that people want and value. If you are not, you are wasting resources.
Competition is the keen cutting edge of business, always shaving away at costs.
Free Trade puts consumers at the centre of economic activity. It lowers the cost of imports, which gives people the opportunity to buy more with the same amount of money: domestic producers have to compete with the lowest global costs or invest in new business.
As a child, I was competitive in whatever it was - first one to eat your wings, first one to run to the door. In everything we were competitive. I always wanted to have the edge.
In fact, marijuana lowers your stress level and lowers your body temperature. It actually seems that people live longer if they use it. If you substitute marijuana for tobacco and alcohol, you'll add 24 years to your life.
People, materials, facilities, money, and time are the resources available to us for conducting our business. By applying our skills, we turn these resources into useful products and services. If we do a good job, customers pay us more for our products than the sum of our costs in producing and distributing them. This difference, our profit, represents the value we add to the resources we utilize.
Seventeen consecutive years of irregular war, extended years of budget uncertainty, and an increasing complex security environment have eroded our competitive edge.
If you can't define a winning exit strategy for the American people, where we somehow come out ahead, then we're wasting our money, and we're wasting our strategic resources.
A business leader has to keep their organization focused on the mission. That sounds easy, but it can be tremendously challenging in today's competitive and ever-changing business environment. A leader also has to motivate potential partners to join.
I've learned, like with anything else, business is only as good as your connections and your resources. And some of the resources that I have are the fact that I work with huge artists.
