Economics For Product Development Decisions… My First Inkling

I had to smile when I was clearing out old documents and found my rationale for reimbursement of my tuition for MBA courses in micro and macroeconomics.  Talk about being a SEER of the future.  This is April 6, 1978, before I started Galorath.  Why do I include this…. the statements were right on… better decisions, improved communications, more successful development with SEER.

The classes I am required to take during this quarter and Macro and Micro Economics.  In addition to enhancing my effectiveness in my current job function via broader prospective of business, the application of the concepts of economic analysis will help me make better decisions, communicate data in a more clear, concise format, and more effectively analyse product development considerations (for example: additional development time to produce a superior product versus earlier delivery of an adequate product)

 

PS: This was sometime after my project was killed because I would not cut the cost and schedule by a third from my original estimate.

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