All 1 entries tagged Costs
April 10, 2009
Writing about life-cycle costs asset management for my PMA. Actually came to my mind that the basic question of management is always related to the basic question of Life-Cycle. It`s such (or it at least should be) a basic thing, the idea that a manager should make decisions thinking about the life-cycle consequences of those decisions that is sounds funny that somebody has to be remembered of that by a whole body of knowledge.
But is certainly something we human beings tend to forget. I had a teacher on my MBA who was an specialist on Ethics. He wrote a very interesting book about how the basic question people`s life (and for extension in all business related sciences) is always about spending more, enjoying the moment or saving for later. Reminds me of the old rock`n roll motto that used to say you should have a fast, crazy life and die before being 30....Well personal decisions are personal decisions, but when managing an organisation in which several people depend on you you need to have a non-r`nr approach and think about life time implications and decisions...