Necessity is the Mother of Invention
While necessity is the mother of invention, how do we apply this to business. In business, we have to allocate scarce resources often via our budget. But do budgets enhance invention or stifle it?
A Language Based Perspective on Budgets
Pierre Guillaume explains the historical language basis for the word budget. He explains how this perspective has driven today’s budget practices and how this may be working against us.
How to Size a Cost Model
John Miller responds to this viewer’s question. He explains the importance of proper model sizing and how this will influence business decisions. He explains some of the trade offs that must be considered.