The corporate culture of our government has been a carte blanche to keep doing what we’ve been doing. This culture implies that what we’ve been doing works.
In business, last year’s income statement is a major driver in this year’s action plan. If a product or service was profitable, then it’s nurtured and grown this year. If a deliverable creates a loss, then change is made as quickly as possible.
Because governments are focused on GDP and jobs instead of ROI, the reasons behind decisions often get muddy. Return on Investment (ROI) is quite simple. It’s just the gain from investment less the cost of investment all divided by the cost of investment. How many times over your money will be returned to you.
And yet our governments aren’t geared to think this way unless it has to do with a change from business as usual.