Monday, September 03, 2012

Transactional Cost That Don't Add Value

It is crucially important that you analyze all the transactions that take place in your operation, and objectively consider each point. Some may not be required, and others may have a better solution. Don't get me wrong, I am not suggesting outsourcing or automating everything. But, you have to consider your long-term options, and how these transactions may render you ineffective in the future.

The human nature of most individuals is to do all that is possible to be necessary and required, no matter how their skills or talents fit into the value-chain. As a manager, you have to consider what resources are necessary to build a valuable product/service as efficient as possible. My rambling is just to say that every now and then, it is helpful to question everything you do.

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