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Chasing a Moving Target Wearing a Ball and Chain

Posted February 06, 2009 8:09 AM

Economics is known as "the dismal science" for a reason. You are likely hard-pressed to think of a single instance when an economist brought you good news. Today's economic environment is more dismal than usual. Managers are looking for innovative — and hopefully relatively painless — ways to reduce costs. Yet you still have to meet an ever-accelerating array of test and measurement goals to get a reliable (and profitable) product out the door and into the hands of your customers. What are you doing to maximize the productivity of your people? Your equipment? How can you recycle already developed test strategies and apply them to new situations? At what point do you regard spending more money as unavoidable?

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#1

Re: Chasing a Moving Target Wearing a Ball and Chain

02/07/2009 2:41 PM

Economics isn't a science of any sort... it's flim flam.
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#2
In reply to #1

Re: Chasing a Moving Target Wearing a Ball and Chain

02/07/2009 7:00 PM

The closest it ever gets is when a grasshopper in China scratches it's butt an the market crashes in New york.

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#3
In reply to #1

Re: Chasing a Moving Target Wearing a Ball and Chain

02/07/2009 9:36 PM

It will never be a science because it has too many unknown variables.

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#4

Re: Chasing a Moving Target Wearing a Ball and Chain

02/07/2009 11:02 PM

Data is manipulated to provide desired results.

It's like my GrandPa used to say; "Boy, even the undertaker smiles when the check clears".

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