Throwing 'Resources' at Problems

I wrote about strategizing vs. economizing attitudes in my first ever entry on this blog. The problems associated with variations in these attitudes keep surfacing again and again.

In short, there are two modes of thinking when it comes to organized group or individual activity: the strategizing one and the economizing one. 

Throwing troops, tanks and dollars into fighting unwinnable battles for ill-conceived aims, throwing resources into implementing badly conceived business propositions, and other such activities --- all stem from strategizing thinking.

Creating an environment that improves complementarity of people's activities engaged in commerce, improving broad and varied commerce in goods and services at all economic scales, and reducing transaction costs (including security costs, transportation costs, etc.) --- all stem from the economizing attitude.

The strategizing calculations end with calling for more resources to gain leverage against one's opponents.

The economizing attitude focuses on a strategy of greater resourcefulness to accomplish global aims geared towards mutually rewarding commerce.

Comments:

The concept of throwing more resources at a problem is prevalent with IT related hardware like RAM,CPU,disk etc. As Masood underscores, we should be looking for more resourcefulness compared to more resources. Service time increases dramatically when Resource utilization goes beyond 70%. Before we throw more hardware resources at a problem, lets make sure that the resource utilization is close to the threshold of 70%.

Posted by Sivakanth Mundru on May 24, 2007 at 10:08 AM PDT #

we should be looking for more resourcefulness compared to more resources

Posted by autooo on May 24, 2007 at 10:58 AM PDT #

Thanks, specially for the link to your first post, and for the link to Oliver E. Williamson there.

Posted by pasparto on May 25, 2007 at 06:02 PM PDT #

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