Why Metrics Can Be Misleading

We can wind up with misleading metrics when the number we use as a goal becomes the incentive that distorts output decisions.

Why We Could Have Twist Tie Tariffs

Just like Alaskans have many words for snow, Bedford Industries has a lot of names for twist ties. There are spooled ties and poly twists, clip bands and double wire tin-ties. And that was only the beginning. I copied some…

Past Tariffs and Future Shortages

Medical product shortages were the unintended consequence of the tariffs that were supposed to diminish our trade with China.

Government Guidelines and Unintended Consequences

Sometimes government guidelines can have unintended consequences. Government travel guidelines: At a networking reception, the General Services Administration spent $1900 on 400 “petit beef Wellington” snacks and $2000 on 400 “mini Monte Cristo sandwiches” and it (sort of) all made…