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Tuesday, November 29, 2011

A GOP OPPORTUNITY TO CHANGE THE CONSTITUTION

Changing the U.S. Constitution can be a rather tricky proposition. To amend it under normal circumstances requires a proposal to be deliberated and approved by at least two thirds of both chambers of Congress, a procedure familiar to most Americans. Assuming acceptance, it is sent to the various state legislatures where a minimum of 75% must approve of it for passage. However, Article V of the Constitution has a provision whereby a Constitutional Convention (aka, Article V Convention, or Amendments Convention) can be called by at least two-thirds of the states (34) whereby amendments can be drafted by a separate body of delegates, not the Congress, before being sent to the state legislatures for ratification (again, at least 75%). The scope of the convention must be very specific in terms of what it proposes to address. Although this vehicle is at our disposal, the last time such a convention was called was back in 1787 in Philadelphia. That's right, 234 years ago.

Although there have been suggestions of holding a Constitutional Convention over the years, the Congress has interceded and taken action to avoid usurping their authority. We now live in a time though where the approval rating of Congress is at an all time low, and the American public has genuine concerns about such things as curbing the influence of lobbyists, redefining the term limits and benefits of the Congress, campaign reform, and a balanced budget, to mention but a few. Taking such important matters out of the direct hands of the Congress, who the public no longer trusts, would go a long way to overcome the partisan politics in the capitol.

The question becomes, who would push for such a convention? Since the president and the Congress represents the status quo, they lack the political chutzpah to push for such a proposal. In fact, it needs to come from the states themselves, but because of the disparity between them, this too is highly unlikely. Instead, a GOP presidential candidate is the logical choice as there are no Democratic candidates. Whoever is first to propose it will be wildly embraced by the American people as a whole, not just one party, as they realize some significant changes have to be enacted in the manner by which our government operates. Think about it, it's more than just the right thing to do; it's bold, it's imaginative, and it makes the person look very presidential. Let us not forget, George Washington presided over the last Continental Congress.

Understand this, the president serves in no official capacity in enacting constitutional amendments, but the GOP nominee could force such a convention simply by creating a firestorm of public demand. Keep in mind, not only would the Tea Party like to see such a convention, their opposites, the Occupy Wall Streeters, would also be interested in such a concept. Frankly, it's a no lose proposition for the GOP nominee as the Congress and president will certainly not call for it, and the public would embrace it.

I wonder if any of the GOP candidates are smart enough to grab the brass ring. Now, if all of the GOP candidates would get behind such a proposal...Wow!

For more information, here is Article V of the Constitution:

"The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution, or, on the Application of the Legislatures of two thirds of the several States, shall call a Convention for proposing Amendments, which, in either Case, shall be valid to all Intents and Purposes, as Part of this Constitution, when ratified by the Legislatures of three fourths of the several States or by Conventions in three fourths thereof, as the one or the other Mode of Ratification may be proposed by the Congress; Provided that no Amendment which may be made prior to the Year One thousand eight hundred and eight shall in any Manner affect the first and fourth Clauses in the Ninth Section of the first Article; and that no State, without its Consent, shall be deprived of its equal Suffrage in the Senate."

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

http://www.blogtalkradio.com/timbryce

Copyright © 2011 by Tim Bryce. All rights reserved.

Monday, November 28, 2011

EFFECTIVE INTERVIEWING

"If you are not using the right bait, you'll catch nothing." - Bryce's Law

Key to any Information Technology development project is the ability to effectively interview with end-users, people from business units who are not necessarily graced in the acumen of I.T., yet need solutions to some rather pressing business problems for their departments. Yet interviewing skills seem to be in decline lately, particularly among I.T. personnel. Its really not that difficult, but it requires a certain type of person to perform it adequately; someone who is naturally curious and works well with others, a "people-person."

How you interview someone in business is somewhat different than how Barbara Walters interviews a celebrity on television. Although there are lessons she can teach us, you must remember you are not there for anyone's entertainment. True, you want to be sociable, but you also need to get to the point.

There are essentially three types of situations for interviewing a user during an I.T. development project:

1. To specify information requirements (as to what is needed and why).

2. To review designs for viability and acceptance.

3. For current systems analysis.

In all three situations the interviewer must be one part detective, one part lawyer, and one part translator. The interviewer must be a detective in order to know how to investigate a problem and know what to look for; he must be a lawyer in order to know how to ask the right questions, and; he must be a translator to interpret what the user is saying.

The first thing the developer must know is some background information on the person to be interviewed. The developer must be able to assimilate the user's job and his interests to better serve the user as well as to gain his trust. To do so, pertinent organization charts and job descriptions should be referenced in advance to study the scope of the user's area of responsibility and employee reporting relationships. Further, the developer should understand the user's products or services he is responsible for, along with the customers and vendors he works with. The more the developer knows about the user prior to meeting him, the more credible he will be and the better his chances are for satisfactorily serving the user.

To develop the proper rapport, dress presentably, act professionally, and communicate effectively. Appearances in this regard are very important. Nobody wants to confide their interests in a Huckleberry who doesn't appear to know what he is doing. Dressing and acting professionally expresses respect for the other person, as does a firm handshake. Very important: speak to communicate. This means the developer should communicate in terms the user will understand, not the other way around. Technical jargon should be avoided as this may be misinterpreted by the user and may even alienate him, thereby creating a hostile or uncooperative working relationship. Further, avoid the temptation to use slang, try to be as articulate as possible.

Learn to read the body language of the person you are interviewing. Look for signs of being guarded versus being open and candid. Likewise, consider your own body language so that you invite discussion. You want to convey an image that you are genuinely interested in what the user has to say. For example, don't let your eyes wander around the room during the interview, stay focused on what the other person is saying.

Observe protocol. Remember, when you are visiting the user, you are on someone else's turf. Do not be presumptive, take nothing for granted. Ask permission to tour the user's area, talk to pertinent people, and gather notes. A little professional courtesy can go a long way.

Prior to meeting with the user, prepare a thorough interview outline highlighting the questions or subject areas you will be inquiring about. True, the actual interview will undoubtedly stray from the outline, but it offers you some structure to maximize your use of time. Also, to enhance productivity during an interview, it is a good idea to communicate the purpose of the interview to the user and what your objectives are. This should be done well in advance of the interview to give the user ample time to prepare for the meeting. Ideally, the user should be presented with a copy of the interview outline prior to the meeting.

During the interview, take plenty of notes. Frankly, I am of the old-school whereby I use nothing more than paper and pencil. I still find users who are intimidated by computer laptops and other recording devices. As an aside, some of the best interviewers I have seen over the years knew "shorthand" which simplified taking notes, but I'm afraid this is a language facing extinction. If you wish to use computer technology during the interview, be sure the user doesn't have a problem with it, nor that it will inhibit his dialog with you.

In terms of venue, the interviewer must determine a suitable site to conduct the interview, either in the user's office, your office, or a neutral site. Users tend to be more comfortable in their own offices where it is easier for them to reference paperwork for you. The only problem though is the possibility of interruptions (phone calls or people stopping by). Holding the interview in your office tends to be more threatening and may actually inhibit the person by making him think it is an inquisition. A neutral site near the user's area is better to minimize distractions and allows the user to remain comfortable in his own area of responsibility. For example, I have seen some excellent interviews conducted in sequestered meeting rooms where the interviewer can scribble notes on a blackboard or flip chart. This can be very conducive for clarifying points during the interview, as well as general brain storming sessions.

During the interview, the developer tends to play the role of a lawyer, which means he probably knows the answer
to a question before asking it. A well structured interview, therefore, is used to confirm your suspicions more than anything else. As in the lawyer analogy, avoid "fishing trips" whereby the interview goes down pointless avenues of discussion. Remember, if you are not using the right bait, you'll catch nothing. Stay focused, stay in control and don't let the interview digress into meaningless ramblings.

During the interview, there will be a lot of "give and take" in terms of controlling the direction of the interview. The interviewer should avoid jousting but always remain firmly in control of the meeting. Stay on target and accomplish the objectives as specified on your interview outline.

More than anything, the interviewer is trying to understand the rationale for something. Because of this, it is no small wonder the term "Why?" is the most commonly used expression in his vernacular. When I am specifying user information requirements, I like to approach the question in another manner. For example, I'll say something to the effect, "Assuming I can deliver the information to you in the manner you want, what will you do with it?" In other words, I am looking for the user to describe the business actions and
decisions to be supported by the information, thereby justifying the need for it. This is a nice alternative to constantly asking, "Why?" Another technique is to simply ask the user for examples in order to illustrate his points.

How a manager perceives something may be different than what happens in fact. Consequently, I often find it necessary to interview key secretaries and clerks who are more intimate with the daily flow of business in the work area than the manager might be. Their answers may confirm or conflict with what the manager says. Nevertheless, it is the responsibility of the interviewer to find and substantiate the truth.

CONCLUSION

In interviewing, it is not so much what you ask as it is how you ask it. As such, both tact and diplomacy are part of the game. The interviewer has to convey a positive image of trustworthiness, professionalism, and organization. Further, he has to be able to ask pointed questions, as well as being approachable to confide in.

Aside from the human dynamics of interviewing, organization is vital for success, if for nothing else than to maximize your use of time (as well as the other person's). Take good notes during the interview, pick through them carefully afterwards, and document them for review by the user for clarity. This review is important. Its like saying, "This is what I understood you to say; is this a correct interpretation?" Clearing up misinterpretations and inconsistencies early in a development project will save considerable time and money later on. As the old adage goes, "The best surprise is no surprise."

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Tuesday, November 22, 2011

HOW NOT TO COOK A THANKSGIVING DINNER

Let's face it, cooking a Thanksgiving dinner can be quite an undertaking. Whether it is a major family function or a gathering of friends, a considerable amount of work is required. First, the house needs to be cleaned (particularly if you are having guests for dinner), not to mention the dishes, pots and pans, glassware and cutlery. Then there is the researching of pertinent recipes in order to establish a menu. This is followed by several trips to the market to shop for everything from appetizers to dessert and everything in-between. On Thanksgiving Day, the kitchen is put into high gear, the likes of which is unlike any other day of the year. There is, of course, never enough counter space or cooking utensils. When dinner time arrives, the meal has to be served at the table, a few thoughtful words are spoken as a prelude to the meal, and everybody "digs in." Afterwards, the kitchen has to be cleaned, and everything needs to be washed. What little is left of the bird is cutup for later consumption or to be given to guests to enjoy later as a snack. Finally, the garbage has to be disposed of, which can be substantial. Other than this, cooking a Thanksgiving dinner is a piece of cake.

Actually, my family doesn't mind doing all of this as everyone has learned to pitch-in and help out. If we manage our time properly, it turns into a pleasurable experience as opposed to an imposing task. However, I realize not everyone shares my enthusiasm and, instead, many people loathe the thought of preparing such a meal. It's not that they don't know how to make the meal, they just don't want to expend the energy, preferring to allow someone else to knock him/herself out. As much as they love the meal, they despise the hassle of putting it all together. So much so, they've worked out several schemes to avoid cooking, namely:

* Prepare a TV dinner - this requires perhaps the least amount of effort, and will only cost you a couple of bucks. It ultimately depends on whether you want to socialize with anyone this time of year. To recluses with a microwave, this is the preferred meal of choice.

* Go to a restaurant or hotel - there are some rather excellent meals available with all of the trimmings you can imagine, for a price. It will certainly cost more than a TV dinner and will require you to dress up a bit, but it may indeed be worth it, particularly since you will not be asked to clean up afterwards.

* Charitable groups may offer a free dinner, particularly churches, schools, soup kitchens, and groups like the Rotary, Lions, Elks, and Masons. The food may not be home cooking, but you are pretty much guaranteed a square meal (and you can't beat the price; free). Sometimes, such groups may ask you to assist in the preparation of the meal or the cleanup, such as "busting suds", dumping garbage or pushing a broom. It ultimately depends on your finances and if you are willing to lift a finger. If your objective is to do nothing, then you might want to ask what is required of you before you accept the meal; either that or sit close to the door so you can make a speedy exit.

* Mooch off a friend, neighbor, or family member - This is perhaps the most common tactic used by people who do not want to cook, by wrangling an invitation into a person's home where you not only enjoy the meal but socialize and consume their libations. If you are not invited, you have to learn how to hint for one, e.g., "What time should I be there?" Very important though, your presence should not be viewed as a burden, which means you have to socialize and volunteer to help out, such as cleaning up. It is also good form to bring something with you, such as a bottle of wine, flowers, or perhaps a side dish (check with your host/hostess first). Whatever you do, master the art of thanking the host/hostess graciously. The point is, if you contribute nothing, it is highly unlikely you will be invited back.

* Hospitals - It is also possible to check yourself into the hospital for the day, at which time you'll be treated to a comfortable bed and a full course of some rather bland food. It all depends if your insurance is paid up, otherwise it can be an expensive proposition.

These are just a few of the ways to avoid cooking during Thanksgiving. I'm sure there are many others, but these are the most common. As for me, I simply resign myself to the task and try to make the best of it. Heck, we even have fun.

Happy Thanksgiving everyone!

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Sunday, November 20, 2011

UPGRADING COMPUTERS AND THE HASSLES THEREOF

My Windows XP computer finally died last week after six years of loyal service. The symptoms began with a fluttering screen which made everything appear to be swimming and caused some rather serious eye strain on my part. I also noticed a strange whirling of my hard drive caused by my swapper file (which is used to handle virtual memory). At first, I thought it was nothing more than the monitor going out, but discovered the video card on my motherboard was dying. In other words, it was time. Wanting to ease its pain, I pulled out my .45 and shot it square between the hard drive thereby ending its misery. Fortunately, I had everything backed up to a portable external drive so I knew I was safe.

Our company is probably better than most in taking care of our equipment, thereby stretching out the longevity of the computer. We still have operational hardware and software that is more than twenty years old, much to the chagrin of the various vendors. No, we do not believe in regularly contributing to their cash flow. In this case though, the hard drive and video card died and it was time to upgrade, like it or not.

The machine was replaced by a new box which quadrupled the amount of memory, and hard drive space, not to mention processor speed. I took it to the office and swapped out the old with the new and booted up the computer. The machine came with Windows 7 Professional pre-installed and the start-up time was surprisingly nominal. After using Windows products for a long time now I had grown accustomed to a lot of "hurry up and wait" time. If you haven't guessed by now, No, I am most definitely not a fan of the operating system as I consider it a necessary evil that suits the masses. I view it more as mass mediocrity as opposed to state of the art. Nonetheless, Bill Gates and company laughs all the way to the bank.

After the computer started, I registered the product on-line and installed an anti-virus product, a lesson I learned the hard way years ago. I then moved my files over from the backup device, downloaded new Internet programs, and organized the desktop. So far, so good. Next, I tried to install some older programs I actively used for a number of years, one of which was Lotus SmartSuite which competes with MS Office. Consequently, I wasn't too surprised when Win7 informed me Lotus could not be installed. Next was a copy of Adobe Pagemaker which was also prohibited from loading. And finally, a DOS based financial package we've used for years. Admittedly, we probably should have upgraded these products over the years, but we didn't as they satisfied our needs. Nonetheless, we had thought Win7 would provide a migration path for such older programs but they do not. We also tried to change the "Compatibility" settings to run these programs under Windows XP which, of course, did not work. Basically, we were stuck. Other than these programs though, everything operated properly under Win7.

My next dilemma came when I tried to print a document on our Lexmark wireless printer which is about three years old. Unfortunately, Win7 wouldn't connect with the machine. I installed the printer driver numerous times before researching the problem on the Internet where I discovered there was an incompatibility issue for this particular printer. I went to a Microsoft web site who claimed to have a correction for the problem. Alas, it was the same drivers I was installing earlier. In other words, if I wanted to keep the computer, it was time to purchase a new printer, and the price of computing kept going up.

All said and done, installation of the new computer took approximately two days of my time which I could have obviously spent more productively elsewhere. I finally came to terms with my new computer and am now using it as part of my daily business life, despite its inadequacies and incompatibilities. I think we're all familiar with Microsoft commercial where users proudly proclaim, "I'm a PC and Windows 7 was my idea." Frankly, if it truly was the idea of these ignoramuses, they're not particularly bright. I for one am NOT a PC, and Windows 7 was certainly not my idea but, as usual, we're stuck with it.

Having been in the systems business for over three thirty years now, I am probably more adept at upgrading computers than most people. However, the thought occurred to me, if I am having this much trouble, imagine what John Q. Public is experiencing. No wonder everyone is depressed as we are all made to feel inferior by our technology. I only wish the people would Occupy Microsoft as opposed to Wall Street.

As to my older programs I can no longer run on Win7, I have moved them to an old WinXP machine where they keep chugging away. I really resent being extorted to upgrade. As for my office suite of programs, I guess I'm off to Google Docs. Meanwhile my 20 year old OS/2 computers sit quietly in the corner, still running, and no crashing. Yea, it is possible to build a reliable operating system, but don't tell Microsoft.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Thursday, November 17, 2011

THOSE DAMN MANGROVE TREES

If you've visited our office in Palm Harbor, Florida, you know we work in a charming Key West style building on stilts. It was built this way because of our close proximity to the Gulf of Mexico and related flooding regulations. It's actually a cozy office offering comfortable quarters for us. There is only one problem with it, nobody can find us from the street. In front of our office, is a small drainage ditch which parallels the highway. It's actually more than your typical ditch as it runs into a nearby estuary connected to the Gulf. This means we can watch the tides go in and out during the day. It also means we have some rather interesting plant life growing in and around the ditch, namely mangroves.

A mangrove is not a particularly attractive tree. In fact, it is a rather unassuming scrub tree of medium-height (about twenty feet) that grows in saline coastal sediment habitats. It's a very evasive jungle-like plant with a tangled root structure. Because of our climate, Florida is one of the few areas in the country supporting the species which causes environmentalists to become sensitive about their protection. Regrettably, mangroves took up residence in our ditch before we moved into our office and grew rather prolifically. So much so, you cannot see the street from our property which is a good thing in one regard (by offering privacy and muffling highway noise), but it also conceals our property, making it difficult for customers and vendors to locate us. In fact our office is only visible from the driveway which means if you blink your eyes as you travel down the road, you will likely miss our office, as many people do. Even the post office, who should in theory know all of the routes to deliver mail, frequently have trouble locating our office. Consequently, we rented a post office box as opposed to depending on mail finding its way to our door.

Obviously, this is cause for concern as we want people to easily see our office from the street, not only to locate us, but also to promote our business. Our first inclination was to cut back the mangroves to a more reasonable height, such as five or six feet. We certainly did not want to eliminate them as they offer us some privacy, we just wanted them cut back a bit to make our office more inviting from the street. We then contacted the county to try and determine what regulations were required for such a job. After spending considerable time traversing the county's bureaucracy, we finally located the gentleman in charge of the mangroves who made it clear, obnoxiously so I might add, the trees were not to be touched for any reason. In fact, he was extremely irritated we would even entertain cutting the mangroves. We tried to patiently explain our dilemma and intentions but to no avail, the county would not allow anyone to touch them except county workers which, as I was led to believe, would be when hell froze over.

We then began to consider alternatives. First, we brushed up our corporate sign in front of our building to make it more eye-catching. Unfortunately, the mangroves blocked it in such a manner as it could only be seen when traveling in one direction on the street, not both ways, and in the blink of an eye. Next, we painted the office an attractive shade of yellow which we figured would attract attention. The idea was good, but the mangroves still camouflaged the building. Finally, we tried some simple stick signs towards the front of our driveway to let people know we were in here. This idea worked at first but was quickly snuffed out by the county who said our signs were not allowed as they were too close to the road. Maybe we should try a loud 50' Las Vegas neon flashing sign. Then again, there probably is a county regulation against that as well.

What is perhaps most frustrating is it appears there is nobody in the county willing to help us find a solution to our problem, but they sure are quick to take our taxes. I don't know who we angered, but the county bureaucrats sure seem bent on burying us.

So, here we sit, hidden behind those damn mangroves. Every now and then we see a car flash by on the street. Just as a reminder, if you're looking for our office, don't dive too fast on Bayshore Boulevard (aka, US Alternate 19). You'll probably miss us.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Tuesday, November 15, 2011

HOW FAR APART IS THE TEA PARTY AND OWS?

Whereas the Occupy Wall Street (OWS) movement is generally regarded as the left wing of American politics, the Tea Party is considered its right wing counterpart. Although the media tries to draw comparisons between the two, both sides rebuff the other. Their tactics and general philosophy may be different, but the two are actually not as far apart as you might think. To illustrate, OWS organizers recently articulated a list of demands they want the government to implement (see "The 99 Percent Declaration"; alternate Site).

Interestingly, their grievances are essentially no different than the Tea Party's; for example:

* Both sides want to implement campaign reform and revision of lobbying laws.

* Both sides want to enact term limits for government officials.

* Both sides want to implement reforms to our current tax system.

* Both sides want to reduce the national debt.

* Both sides want more jobs for Americans, and curb outsourcing.

* Both sides want to reform our immigration policies.

* Both sides want to ease excessive costs resulting from our military policing of the world.

* Both sides want an end to currency manipulation.

* Both sides want to implement banking and securities reforms, not to mention ending the Fed.

* Both sides want to reform public education.

* And believe it or not, both sides are interested in protecting the planet.

The two sides are far apart on some issues though, such as universal health care, forgiving student loans, mortgage foreclosures, and abolishing the electoral college. However, they are actually not as far apart as you might believe.

The difference between the two groups though is HOW these issues should be addressed. The 99% Declaration lists specific remedies for solving these problems which I believe is a fatal flaw in their declaration. Instead, it should simply define what the problems are as they see it. Maybe their solutions are acceptable, and maybe they are not. The point is, there is too much of a temptation in this country to "leap before you look", to try to offer solutions before we understand the problem. That is like prescribing a treatment before having a doctor examine you. As a patient, it is your responsibility to try to articulate your perception of an ailment to a physician; in contrast, it is the doctor's responsibility to interpret your symptoms, diagnose the problem, and prescribe a suitable treatment, and there may very well be several different treatments to solve a particular problem.

Let me give you an example, Article 4 of the Declaration's grievances discusses, Term Limits: "Members of the United States House of Representatives shall be limited to serving no more than four two-year terms in their lifetime. Members of the United States Senate shall be limited to serving no more than two six-year terms in their lifetime." That is a solution. The problem is that people are tired of career politicians who make their livelihood from politics and become less responsive to the interests of their constituents. Their solution may be flawed as well, e.g., are terms to be consecutive? Can they go from one chamber of Congress to another? How about simply abolishing their Congressional pensions instead? Why this particular combination and not something like, "no more than twelve years in Congress" (and let them figure out how to spend it).

In other words, I believe the 99% Declaration should contain nothing but a definition of the problems and then hold a separate convention to discuss alternatives and formulate a suitable solution. Instead, the 99% Declaration is another prime example of "Fire, Aim, Ready" that plagues this country.

As someone who has taught planning and has read many feasibility studies over the years, I commend the OWS for their efforts in producing the 99% Declaration, and recommend all concerned parties read it carefully, including the Tea Party. It is a good first draft, but it needs a considerable amount of polish to make it palatable to Americans as a whole. My recommendation to the authors: concentrate on defining the problem as precisely as possible, deliberate on alternatives, select a suitable solution, and then pitch it to the country. Just remember, it's "Ready, Aim, Fire"; any other sequence is counterproductive.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Sunday, November 13, 2011

BEWARE OF THE WHIZ KIDS

Back in the 1980's a generation of young MBA's were unleashed on the corporate world and turned it on its ear. These "whiz kids" slashed costs wherever possible, particularly in training programs, mentoring, and reduced administrative personnel. Although their tactics did indeed save money in the short run, they created long-term headaches down the road, such as creating morale problems which lead to a disconnect between workers and their employers, which ultimately lead to outsourcing many jobs overseas. Quality in manufactured goods and services also suffered as a result of less training. Whereas employees had previously been empowered to overcome problems under a spirit of teamwork, managers began to closely supervise workers which today is commonly referred to as "micromanagement." The point is, the whiz kids of the day made a name for themselves simply by implementing short term changes which were highly visible on the next quarterly P&L statement. Although they could show short-term benefits rather quickly, their bean counter approach had devastating long-term effects on many businesses which haunted companies for years.

Today, a new generation of whiz kids have emerged in corporate America who are again charged with turning things around in their companies. Basically, management is hoping to groom their next generation of managers by allowing these "phenoms" to shake things up. Whoever is successful moves up the corporate ladder in much the same way as Donald Trump's "The Apprentice." Realizing they have only a limited time to make a difference, such as six months before they have to move on to their next assignment, they tend to slash costs as opposed to nurturing something new, and God help anyone who gets in their way.

Case in point, I have a friend who for several years has been a supplier to a local division of a Fortune 500 company. Over the years he has developed an excellent relationship with the company who trusts him in terms of securing quality industrial supplies for their manufacturing floor at affordable prices. My friend's company devloped a reputation for going above and beyond the call of duty to serve his client and keep the Fortune 500 division happy. It wasn't cutthroat pricing that sustained the relationship, but competitive pricing coupled with excellent service and prompt delivery. Frankly, this was a classic example of a win-win relationship between two companies where everyone was satisfied until four whiz kids came to town and tried to make a name for themselves.

The company had allotted a sizable sum of money to refurbish the plant. Understandably, my friend's company wanted to bid on a portion of it. A detailed proposal was prepared and submitted by my friend who was told by his inside contacts that his bid looked to be the best. Regrettably, my friend's proposal was rejected by the whiz kids, not because it wasn't competitively priced, not because he couldn't deliver on time, and not because he was quoting inferior materials. Instead, the whiz kids explained to him that his company had won more than its fair share of bids with their company and, consequently, another vendor would be selected. This of course did not sit well with my friend, nor his inside contacts who knew the proposal was the best. Regardless, the whiz kids were bent on getting a lower bid thereby demonstrating their ability to cut costs regardless of whatever feathers they ruffled. After all, they knew they would be transferred somewhere to another division in a few months.

My friend was not going to take this rejection sitting down. Consequently, he arranged a meeting with the whiz kids, their superiors, and his inside contacts. During the course of the meeting, my friend provided a chronology of his company's relationship with the division. He enumerated the many projects his company had worked on, what they had saved the client in terms of money and the services they provided on a gratis basis. The testimonies by his inside contacts added to his credibility. Bottom-line, he gave evidence his company had worked in good faith with the division to save them money and provide quality materials to the satisfaction of all concerned. Management thanked my friend for his presentation and years of service, and informed him they would notify him soon of their decision.

One can only speculate as to what happened next. Suffice it to say, the whiz kids were reprimanded for threatening to disrupt a healthy business relationship, and sent packing to their next assignment. Had it not been for my friend's tenacity, not only would his company had lost considerable business, but the Fortune 500 division would have lost a trusted business partner.

The point is, whiz kids walk a dangerous tightrope. They cannot expect to simply come in and slash and burn existing programs and not expect someone to challenge them. True, large companies need to groom the next generation of managers but I question the wisdom of assigning people to such short term assignments where they may make some crippling decisions by mistake. In my friend's case, he took them to task, but there are a lot of people who would not, hence the problems we experienced in the 1980's. Perhaps the biggest problem I have with the whiz kids phenomenon is that it encourages quick and dirty thinking as opposed to long-range planning.

There is nothing wrong with having some young Mustangs running in the herd, they just need to be watched carefully or they'll start a stampede in the wrong direction.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Thursday, November 10, 2011

EQUALITY OF DRIVING

Whenever I have somewhere to go with friends or family, I normally volunteer to drive. When people ask me why I do so, I explain it is not simply because I enjoy the act of driving, as much as I somehow appreciate the equality involved. Let me explain. It occurred to me a long time ago that driving is one of the few venues in the world that doesn't recognize a socioeconomic class structure, race or religion. Regardless if you are a multimillionaire driving a Rolls Royce or Lamborghini, a bum driving a jalopy, or anything in-between, driving requires everyone to behave equally. Rich man, poor man, beggar man, thief, everyone is on the level and must behave as such in order for this important transportation system to work. And for some reason, knowing I can start each day on the level with everyone else is encouraging to me.

Some people are easily wowed when they see an expensive automobile on the road. Frankly, I couldn't care less what you drive or who you think you are. We're all equal on the road as any member of the Law Enforcement community can attest. They only care the rules are being observed and traffic is flowing unimpeded. Other than that, they are unconcerned with your stature, regardless if you are a politician, celebrity, millionaire, or whatever.

Some see driving as analogous to socialism whereby we must all move along on the roadways equally. Well, not quite. I see it more akin to capitalism where I can drive as ambitiously or lackadaisically as I am inclined to be, not to mention courteous or rude. Nonetheless, I am responsible for my actions. If I decide to drive recklessly, I may incur a moving violation or perhaps worse, such as an accident. In this event, I will have to pay the bill, not the other motorists. To my way of thinking, I see each day as another chapter where I must get from point A to point B in the most efficient means possible. In other words, a capitalistic race to the top.

My grandfather, who moved to this country from England following the first World War, also loved to drive his car everywhere. So much so, he would even drive his car down the block just to post a letter in the mailbox. His car was his pride and joy, and he would go to great lengths to keep it clean and running smoothly. His pride of ownership clearly demonstrated he was a capitalist.

The one bit of satisfaction I get on the highway is when I either outmaneuver the millionaire in the Lamborghini or watch him get a ticket for speeding. Either way, I realize the system works. Yep, I'm a capitalist too.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Tuesday, November 8, 2011

COLLEGE LOAN DEBT: DIGGING A DEEPER HOLE

Most Americans are familiar with the vast debt our country has compiled ($14.8T as of this writing and growing steadily). We are also acutely aware of the burden of mortgages and credit card debt, particularly in this age of high unemployment. As if things weren't bad enough, a new statistic has emerged courtesy of the College Board who reports student loans are about to cross the $1T threshold as students are borrowing twice as much as just a decade ago and the outstanding debt has doubled in the last five years alone. The debt is growing so rapidly that the Federal Reserve Bank of New York recently calculated this will make Americans owe more on student loans than credit cards, which is a frightening thought (see Northern Voices Online, 10/21/2011).

Not surprising, among the demands made by the young "Occupy Wall Street" protesters is to have their college loans expunged. Such loans are typically sponsored by the federal government and private financial institutions. To expunge them would mean the taxpayers and private financial institutions would get stuck with their bill which would obviously compound an already overbearing debt. Plain and simply, it wouldn't be fair; not fair to those who paid for their education, and not fair for taxpayers to pay a tab which others incurred.

Americans place a lot of emphasis on education but we should be mindful of the fact that attending college is not a right, but a privilege. During the Depression years prior to World War II, there was no more than 1.4M college level students attending approximately 1.7K institutions of higher education. Today, according to the Digest of Education Statistics, over 19.1M students attend 4.4K colleges, a quantum increase. Since the 1960's alone, when colleges experienced an influx of students seeking refuge from the Viet Nam war, enrollment has more than doubled. Back in the Depression, money was scarce and, as such, it was common for all of the members of a family to work, often sacrificing higher education in the process. Back then, a High School diploma was considered a prestigious achievement. Even a Junior High diploma was prized as some people could not afford to rise above this level.

Unless something radical happens to our economy, I suspect enrollment has peaked in this country and will likely begin to diminish sharply. This will inevitably lead to downsizing of faculty and administrative staff and some campus doors will be forced to close. We've already started to see this here in Florida and I suspect we're not any different than the rest of the country in this regard.

So, am I a fan of expunging college loans? Hardly, nor am I a proponent of waiving credit card debt. I can appreciate the dilemma people face in paying off such bills, but a deal is a deal. Where I come from, people who renege on their debt are called "deadbeats," and I fear we are grooming a generation of them, people who do not understand what it means to live within their means. The only benefit I see emerging from this is that people will begin to realize attending college is a privilege, not a right, and a college education will no longer be taken for granted.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Monday, November 7, 2011

MY FIRST WEDDING

I conducted my first wedding ceremony recently. As a Notary Public in the State of Florida, you can perform such a service, and we are but one of three states that permit this (the other two are South Carolina and Maine). I became a Notary a couple of years ago as it comes in handy to process legal paperwork, but I had never imagined doing a wedding service. Earlier this year, a young friend approached me about doing a service for a friend of hers. At first I was startled by the request, but then said, "Why not?"

I take the institution of marriage rather seriously and figured I would not treat it as frivolously as some people do. As such, I sat down with the bride-to-be and had a heart-to-heart talk with her about why she wanted to get married. We talked for quite a long time. I discussed my marriage, which has lasted over 30 years so far, and the sacrifices, compromises and challenges involved. We also openly talked about religion, children, finances, commitment, even pets. After a lengthy discussion, she came to understand my point-of-view and I became convinced of her love and commitment to her fiancé who was just being transferred to another state as part of his job. As an aside, I wish someone would have consulted me in this manner prior to my wedding in order to solidify my intentions. Only after we felt comfortable with each other did she ask me if I would perform the ceremony for her. I informed her this would be my first such ceremony, but I would put forth my best effort for her.

Several months passed and the bride kept me updated of schedules. During this time I located a simple wedding oath that complies with Florida regulations. It was hardly lengthy, but quite respectable nonetheless. The whole service would take less than ten minutes to perform which made me a little nervous as I tend to think of traditional weddings in terms of at least an hour to perform, but such was not the case and certainly not what the couple wanted.

We conducted a rehearsal on the day before the wedding at the site, which was a prominent hotel located on Tampa Bay. The practice was held late in the day at approximately the same time it was to be held on the following day. It was here that I met all of the relatives, bridesmaids and groomsmen. The service was to be held on a private beach of limited size (approximately 30" X 60") which, at the time, still had beach chairs on it and two Corn Toss games in the middle of it. I tried to imagine how over 100 people would be seated on the beach, and if they would be playing Corn Toss during the ceremony. The wedding coordinator from the hotel assured me everything would be cleared and setup appropriately for tomorrow's service.

The rehearsal went off without a hitch and under ten minutes, much to the delight of the wedding coordinator and the bride and groom. My only concern was the prospect of the couple tearing up during the service as they warned might happen during the rehearsal (and did). Note to self: bring a pack of tissues tomorrow in case the waterworks get out of hand.

On the day of the wedding, my wife and I arrived an hour early so I could prepare myself and get the necessary paperwork in order. The reception was to be held immediately afterwards next to the hotel pool where staff was busy making last minute preparations. It was a beautiful Florida fall day with a slight sea breeze coming in off the water. Frankly, it was picture perfect, everything was in order, and attendees began to arrive for the ceremony.

As part of the service, the couple had two large bulldogs which were important to the family. One was dressed to represent the groom and sported a top hat, the other represented the bride and wore a light dress. My fear was that the dogs wouldn't behave properly or perhaps have an "accident" in front of the audience, which was a horrible mental image I worried about. Fortunately it was not to be, and the audience found them to be a rather charming addition to the wedding party.

As for me, a lot of people knew this was my first wedding service and kept asking me if I was nervous. Now I'll admit I would like to see the service come and go without any flaws, but having spoken in front of many audiences over the years, I hardly suffered from any stage fright. I just wanted to do my part as dignified as possible. As is common for Florida beach weddings, the wedding was somewhat casual in nature. Although the bride wore a beautiful white dress, the groom wore a comfortable Tommy Bahama outfit, also in white. The groomsmen and bridesmaids were quite casual as well, as were the dogs who behaved admirably. However, as the official in charge of the ceremony I resisted the temptation to go too casual and wore a suit and tie instead, thereby denoting an authoritative figure which I felt was important.

At the designated time, the service began and I took my position at the front of the audience on the beach who were seated in organized chairs in front of me. To my left was the groom and his groomsmen, along with the bulldog wearing a top hat. The bridesmaids then came down separately as is customary and positioned themselves to my right, with the other dog in tow. The bride was then escorted down the aisle by both her mother and father. I could see some slight moisture in her eyes and I reached in my pocket to check for the tissues.

We then began the service and I methodically delivered it speaking slowly but somewhat loudly as the acoustics were less than ideal on the beach. As we came to the portion of the ceremony for the couple to exchange rings and say, "I give you this ring as a token and pledge of our constant faith and abiding love," I could see the waterworks beginning to erupt, first the bride, then the groom. I went to reach for the tissues in my pocket but it was too late. I then quickly issued my pronouncement that the couple was legally wedded and invited the groom to kiss his bride, which surprisingly wasn't too hard for me to sell. The audience sprung to its feet and applauded. The wedding party then withdrew in an orderly procession and I concluded the ceremony.

Interestingly, several people in attendance assumed I was either a minister or holy man. I was receiving handshakes and nods of approval from different people much how I had seen people talk to members of the clergy after a church service. I relished the mistaken identity for a few moments, but then burst their bubble when I lit up a cigar and ordered a scotch from the bar. It was then that I began to overhear people saying, "You mean Notaries can marry people here in Florida?"

Towards the end of the evening, when my wife and I decided to depart, I stopped to talk to the newlyweds one last time. As I gave them their paperwork signed and sealed, I implored them to be good to each other, in good times as well as in bad. I also admonished them, "When a Bryce marries you, you stay married." Being a Notary Public is one thing, taking the institution of marriage seriously is something else. I would like to believe I was successful in my debut.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Thursday, November 3, 2011

THE "99%" IS ONLY 65%

The people currently protesting under the banner of "Occupy Wall Street" contend they represent 99% of the people being ruled by the 1% super rich who somehow manipulates the government and the economy. This of course is a gross oversimplification of the class structure in our society. Back in 1897, Italian economist Vilfredo Pareto observed that 80% of the land in Italy was owned by 20% of the population. "Pareto's Principle," as it came to be known, or the "80/20 Rule" relates to the ratio of input to output; e.g. 20% of the people are normally responsible for producing 80% of the work, and from an economic perspective, 80% of the wealth is generated by only 20% of the people. This number has remained reliable over the years, which means under a capitalistic society there will always be a 20% group representing entrepreneurs and business leaders. Of the remaining 80%, there will always be approximately 15% who will remain poor. Despite the billions of dollars the country has spent on the war on poverty, this number has varied ever so slightly over the years. This leaves a middle class of approximately 65% of the populace.

Under capitalism a person is allowed to earn and spend money as he/she sees fit, which includes all classes, not just one. The only exception to this is when we pay taxes where the rules are established by the government. In a republic, which is what we have in this country and not a pure democracy, the people elect officials to represent their interests and make such decisions. From this perspective, the only control the people have over taxation is by electing effective representatives. As part of the 53% of the populace who pays taxes (47% do not), I make it a point to exercise my right to vote. Following the capitalist concept of what you spend, you own, it seems to me only true taxpayers should have the right to vote. After all, we're paying for the government aren't we?

The danger in establishing a country of "haves" and "have nots", of course, is that you establish an adversarial relationship which naturally leads to class warfare, a dangerous reality we currently face. Under capitalism, the one reality we must recognize is there will always be the rich (20%), there will always be the poor (15%), and everyone else represents the middle class (65%). As I have written, the problem is not with capitalism, but rather with government policies inhibiting capitalism to correctly function.

I am reminded of this quote attributed to Abraham Lincoln who said in this regard:

"You cannot help the poor by destroying the rich.
You cannot strengthen the weak by weakening the strong.
You cannot bring about prosperity by discouraging thrift.
You cannot lift the wage earner up by pulling the wage payer down.
You cannot further the brotherhood of man by inciting class hatred.
You cannot build character and courage by taking away people's initiative and independence.
You cannot help people permanently by doing for them, what they could and should do for themselves."

I may not be among the elite, but I do consider myself part of the 65% of the middle class who pays his taxes (you remember, the 53% group). Like the Occupy Wall Street protesters, I'm mad as hell as to what is going on economically in this country. The difference is, my anger is aimed at the government, not Wall Street, and those who are trying to undermine capitalism in this country. Make no mistake, I am an ant, not a grasshopper.

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.

Tuesday, November 1, 2011

IN DEFENSE OF CAPITALISM

As the country grows increasingly frustrated over its worsening economic condition, the public points an accusing finger at the super rich, and capitalism which is often vilified as the principal cause of the problem. Frankly, capitalism is getting a bad rap by its detractors and, unfortunately, there are naive people who gullibly believe it to be guilty of a number of sins. The fact is, capitalism propelled America past the rest of the world by creating a substantial middle class thereby creating an engine to power the world's economy. Unfortunately, capitalism is misunderstood. Some see it as nothing more than focused on profits at all costs. True, the goal of capitalism is to be successful and profits are a measurement of success, but there is more to it than just profits, much more.

First, capitalism coupled with America's interpretation of freedom means the country is the "Land of Opportunity"; that everyone has the freedom to try and improve their position in life by working at any endeavor of their choosing, either as an employee of a company or to start their own business. Either way, capitalism means you have a "right to try", nothing more, nothing less. You may be successful in your efforts or you may fail, and both extremes are essential for capitalism to succeed. Failure is every bit as important as success. Without failure, or at least the threat of it, you will not appreciate the concept of risk and it is unlikely you will change how you conduct business. Risk, therefore, is an essential part of capitalism.

Today, we hear of such things as government sponsored "bailout" and "stimulus" programs which have saved American banks, mortgage lenders, and the automotive industry. Under capitalism, these mega-companies should have been forced to either close their doors, restructure their operations, or find alternative financing. As executives of their businesses, it is their responsibility to steer the ship, nobody else. Having the government preempt failure of these businesses is unnatural and anti-capitalistic, simply because they have eliminated failure from the equation. If these companies had closed their doors, new ones would have doubtless emerged, and much smarter than their predecessors.

As an analogy, I am reminded of the game of Craps as found in casinos. Understand this, in all casino games, the house enjoys a winning percentage. They are certainly not going to offer a game they know will consistently lose money. So the trick is to find the game with the lowest house winning percentage. Me, I'm a Craps shooter. I understand the odds and the risks involved; I will either win or I will lose. If I begin to lose, I will change my strategy and play the game differently, but one thing is for certain, when I'm busted, nobody is going to bail me out, least of all the casino. I am solely responsible for my wins as well as my losses. That is as vivid an analogy to capitalism as I can think of.

The golden rule of any business is to maximize productivity and minimize costs. Failure to do so will naturally result in failure. This brings up an important aspect to capitalism, everyone participating in business is responsible for his/her actions and decisions, and must be held accountable for them. There is no free ride. Accountability is an inherent property of capitalism. If you are successful, you reap the rewards; if you fail though, you lose. This naturally scares people who are afraid of risk. Others thrive on it, particularly those with an entrepreneurial spirit. Regardless if you are successful or a failure, capitalism requires people to be personally responsible for their own actions, and nobody else.

Regardless of the equipment and advanced technology available, we must recognize all work is performed through people. The smart capitalist, therefore, respects the dignity of the human spirit and the importance of each person to lead a worthy and productive life. After all, if companies invest heavily in the tools of their trade, it would make sense they also invest in the people who will be operating the tools. The challenge becomes devising a suitable corporate culture for workers to productively work and thrive in, a culture empowering workers to excel and create superior work products at competitive prices. This means cultivating workers in terms of their training and education, working in accordance to high standards of excellence and moral values, and to compensate them with a fair and competitive wage. Plain and simply, investing in people is good business, as any successful capitalist can attest to.

When a company begins to cut corners and sacrifices workmanship, not just to save money but to increase profit margin instead, then in all likelihood greed is slowly creeping into the organization. True, capitalism is not impervious to greed and corruption, but neither is socialism as greed is a human frailty. As long as management makes smart business decisions and maintains high moral standards, greed can be kept at bay.

In my travels through the corporate world, I have seen capitalism do some great things in just about every field of endeavor imaginable. It produces products and services the public openly embraces, it has built impressive buildings and other structures we take pride in, and it has created the standard of living we are all familiar with today. Capitalism has proven itself as a viable economic engine time and again, and is rapidly being embraced throughout the world, even in Communist states, both former and current.

The only thing that can adversely affect capitalism is when the government intercedes and tampers with the underpinnings of it, such as inhibiting failure or piling on regulations choking it from behaving naturally. By its sheer nature, capitalism is an evolutionary approach to business whereby the strongest survive and the weaker companies disappear. When unleashed, capitalism promotes innovation and invention naturally. When inhibited by government though, capitalism stagnates and businesses face extermination. Government's role should be nothing more than to open doors and check for unscrupulous business practices. Other than that, they should stay out of the way.

No, capitalism is not the problem. It is a proven economic system if it is allowed to behave naturally. So, when casting aspersions as to who is at fault for our current economic woes, the fingers should be pointed at the nations capitol, not Wall Street. We also share a piece of the blame ourselves as we have become apathetic and, in the process, allowed the country to morally deteriorate before our eyes.

I am proud to call myself an unabashed capitalist. The fact that our small business has survived for over forty years, has serviced customers all over the world, and made money in the process without cheating anyone is a testament to capitalism.

"No politico-economic system in history has ever proved its value so eloquently or has benefited mankind so greatly as capitalism—and none has ever been attacked so savagely, viciously, and blindly. The flood of misinformation, misrepresentation, distortion, and outright falsehood about capitalism is such that the young people of today have no idea . . . of its actual nature."
- Ayn Rand, "Capitalism: The Unknown Ideal"

Keep the Faith!

Note: All trademarks both marked and unmarked belong to their respective companies.

Tim Bryce is a writer and the Managing Director of M. Bryce & Associates (MBA) of Palm Harbor, Florida and has over 30 years of experience in the management consulting field. He can be reached at timb001@phmainstreet.com

For Tim's columns, see:
http://www.phmainstreet.com/timbryce.htm

Like the article? TELL A FRIEND.

Tune into Tim's THE BRYCE IS RIGHT! podcast Mondays-Fridays, 7:30am (Eastern).

Copyright © 2011 by Tim Bryce. All rights reserved.