New Business Engineering
New product and new business unit development is a process. Capital is a primary input. The process is enabled by entrepreneurs and professional talent supported by technologies whereby entrepreneurs transform capital and materials into higher yield outputs: products, services, solutions, and outcomes, all performing under constraints. Constraints include government imposed regulations and self-imposed plans and business rules.
To advance an economy that is underperforming or not producing sufficient Gross Domestic Product, government must find ways to maximize the amount of capital available to entrepreneurs. Government must provide incentive for people to invest in new product and new business unit development.
Government that consumes too much capital will dry up capital needed by entrepreneurs and businesses for growth and development.
Today, the US government is pursuing ambitions that exceed its capacity at the expense of private enterprise. This fundamental balance needs immediate restoration which is why I constantly call for the immediate withdrawal from all nation-building.
The Obama administration needs to put most of its energy into reengineering the private sector market to make it friendly to new business engineering.
Want to know more about it? Read my book: Smart Data, Enterprise Performance Optimization Strategy © 2010 James A. George and James A. Rodger, Wiley Publishing. Want to review the book, I might send you an electronic copy if you promise to write a review.
“Business leaders say Obama's economic policies stifle growth
Washington Post Staff Writer
Wednesday, June 23, 2010
The chairman of the Business Roundtable, an association of top corporate executives that has been President Obama's closest ally in the business community, accused the president and Democratic lawmakers Tuesday of creating an "increasingly hostile environment for investment and job creation."
Ivan G. Seidenberg, chief executive of Verizon Communications, said that Democrats in Washington are pursuing tax increases, policy changes and regulatory actions that together threaten to dampen economic growth and "harm our ability . . . to grow private-sector jobs in the U.S."
"In our judgment, we have reached a point where the negative effects of these policies are simply too significant to ignore," Seidenberg said in a lunchtime speech to the Economic Club of Washington. "By reaching into virtually every sector of economic life, government is injecting uncertainty into the marketplace and making it harder to raise capital and create new businesses."”