“Finance adds No value”

I recently listened to the April 2022 Deming Institute podcast, “In Their Own Words”, entitled and linked: Kevin Cahill’s Reflections on Dr. Deming and the Deming Institute (April 2022). Andrew Stotz hosted. Andrew Stotz is an awarded, successful financial analyst.

Mr. Stotz indicated how Deming’s work had impacted his thinking and career. Deming also provides a solid basis for all I do with health. His ideas about continual improvement of the process so the product takes care of itself and systems appreciation are at the basis of all I have done. Personal and planetary health are interconnected and as we continually improve the lifestyle process with an understanding of how it impacts everyone and everything – we can achieve the desirable aim of regenerative communities by living regenerative lifestyles. You will see Dr. Deming mentioned often in multiple posts on this blog and he has also been a basis for many of my peer reviewed published articles.

The part that caught my attention in the recent Deming institute podcast was when Andrew Stotz, despite being a financial analyst, said, “Finance adds no value” He went on to explian:

“Finance adds no value….Ultimately it’s the products and the service, and finance is a support function just as human resources… it’s when finance starts being the head of the business that you get into trouble…Never make the right finance decision over the right business decision.”

Andrew Stotz

This may be a stretch, however, to me his statement that finances cannot provide value is similar to how I have adopted what I learned from Dr. Deming. As I have noted, Prevention Can’t Work and Problems are Irrelevant! if improvement is the goal. He even states, good finances are a by-product, and cannot be the aim, just as research has shown prevention is the by-product of good health, not its aim. Prevention and problem solving only stop bad things from happening but do not make things better than where we were before the problem occurred. We could not get healthy after COVID occurred, we had to create a better life first and the protection against COVID from good health was a beneficial by-product. Those without co-morbidities have done better.

Mr. Stotz comments about finances by explaining that money desires should not drive actions, because earning money is the necessary result or by-product. These ideas were outlined in this post, Money Is a Lagging Not a Leading Indicator which demonstrated that

Money must follow, it cannot lead.

Businesses, as Kevin Cahill explains, often want to just seem to be keeping up so they go with the new management fads or “the flavor of the month” rather than maintaining a constant aim. As he notes, this does not work out well, especially over the long term. This linked 4/24/2022 Close to Home comic humorously captures this idea about just doing something because it is a current idea.

Mr. Cahill then provides a great example of the outcomes from a focus on value or money when he contrasts Apple and Enron. One company was guided by financial statements while the other was guided by providing value. Apple, which he cites from Walter Isaacson’s book, Steve Jobs, says Apple had the aim or mission to create “insanely great products”. In contrast, the now defunct Enron’s mission was to make more money. The result: Apple is worth a trillion dollars and Enron went bankrupt.

In looking back, I realized I have cited Steve Jobs and things he has done almost as often as I have cited Dr. Deming. To me both provide great examples of how we can help generate comprehensive improvements by creating net-positive, pervasive, reciprocal, selfish, selfless, synergistic interactions so everyone and everything benefits.

I hope you listen to the Deming podcast and that it motivates you to study Deming’s methods. Deming was my inspiration and it has helped me a lot in my career. Please share what you learn and how you implement his ideas to benefit everyone and everything so “everybody wins” as Dr. Deming used to say!

Be Well’r,
Craig Becker

Be selfish, selfless, & synergistic so everyone and everything benefits!

#SelfishSelflessSynergy

Please share your thoughts and questions below.
Contact me: BeWellr@gmail.com

Is this Why Some Phrases Stick?

For the millions (well not yet) of you that follow me, you know I often use this blog as a scratchboard. I post these ideas hoping some of my unfinished thoughts will aid you in your thinking process. I recently realized that certain phrases seem to keep coming back to me and seem relevant. SInce I am a professor I a proposing a hypothesis about why they have stuck and I would appreciate your thoughts on accuracy of these thoughts. Can you do that by leaving a comment at the end?

One of the phrases that has stuck was in my thesis that I completed for my MS in Wellness Management at Ball State University. My thesis study focused on lifestyle behaviors. Throughout the paper I continued to emphasize that lifestyl behaviors were necessary, but alone they were insufficient. That phrase…

“…necessary but insufficient“

…has come back to me again and again. Most recently I heard it when I listened to Freakonomics episode #498. In the 1890s, the Best-Selling Car Was … Electric. In the episode they discuss how after a huge false start, electric cars are finally about to flourish. However in the episode, they emphasize that while moving to electric cars is necessary, it is insufficient to solve our climate crisis due to the many other damaging environmental factors from agriculture, cement and steel making and other processes.

An important aspect with this idea seems to be consistency. By that I mean that, it seems waht a person considers necessary actions are are also probably consistent with your values and therefore beneficial to your well-being. What are things you do that are necessary, but insufficient? Please share and also let us know how and if it helps.

The other phrase that keeps coming back that I used in my dissertation when I got my PhD from Arizona State and have also used in many articles is…

“… latent underlying constructs“

Latent means hidden or concealed. However it is not really hidden, it is just not prominent or noticeable right away. I have used this phrase to document the importance of health and or the environment. Health is something that enables all else, but is hidden or latent because without it, everything else is problematic. Of course when we don’t have health, it is prominent, but the lack of ill health is latent or hidden yet it is still necessary.

The Revenge of Gaia: Earth's Climate Crisis & The Fate of Humanity: Earth's Climate Crisis and the Fate of Humanity

I also read a lot of James Lovelock and in all his books, especially in The Revenge of Gaia: Earth’s Climate Crisis & The Fate of Humanity: Earth’s Climate Crisis and the Fate of Humanity, he emphasizes the necessity but insufficiency or our current environmental actions. He suggests, “…We are like a revolting teenager, intelligent, with great potential, but far too greedy, and selfish for our own good” and that “…We must stop acting as if human welfare is all that matters”. He says this due to the interconnectedness of all living things, most especially the living Earth, or Gaia as he explains. As we all know, without a habitable earth, nothing else is possible. In this way, Earth is the “latent underlying construct” that is “necessary”.

In writing this I am just realizing these phrases are related. Latent underlying constructs are necessary, but insufficient. To me this means we must build on our good actions to enable continual and never ending improvement. In my teaching, I emphasize the ripple effect or the fact that it is not just what happens right away from that transaction, it is also about what happens down the line because that transaction that really matters. For instance, we can get car to go using fossil fuels, but the leftover CO2 from burning this fossil fuel is rushing climate change. This means the ripple of climate change, not the transaction of driving is most relevant.

This idea then brings us back to the start of this post about electric cars. Electric cars are necessary and can help, especially if we power them with clean renewable energy, but they are insufficient. They will not repair what we damaged, their use will just not add more, or as much damage. For these reasons and many more, my focus has been to attempt to generate comprehensive improvements by creating net-positive, pervasive, reciprocal, selfish, selfless, synergistic interactions so everyone and everything benefits – which is the practice of paneugenesis.

As a professor, I write and publish articles in journals. These articles allow us to share our inferences, which means we use our expertise to share what we think the data for findings from a study or experiment mean. This also means inferences are not always accurate, they are initial understanding of phenomena.

Overall, this means my inference is that those phrases have stuck and keep coming back to me do so because they are relevant and important. What do you think? Do the reasons stated accurately explain why those phrases seem important and relevant and have therefore stuck with me and keep coming back?

Please share the thoughts and also actions you take to help even though we must all contribute because alone our actions may be necessary, but insufficient. Thank you – I look forward to reading your thoughts!

BeWell’r,

Craig Becker

Be selfish, selfless, & synergistic so everyone and everything benefits!

#SelfishSelflessSynergy

Please share your thoughts and questions below.
Contact me: BeWellr@gmail.com

Why bother?

Prevention is taking effort to do things so something that doesn’t exist now, may not exist in the future. Why bother? How do we know it might happen in the first place? This happens when people attempt to prevent diseases such as diabetes. Why bother to only prevent? If we bother to cause more good by generating more physical, social and mental well-being, we get more good while also simultaneously making it more like we prevent the bad outcome.

In a similar way, my smart neighbor has a great perspective. He is confused about why people bother to spend energy to fight things that don’t exist, such as fighting to outlaw Critical Race Theory from the curriculum when it is not being taught. Why bother?

I thought about this idea and why people bother to use unneeded effort when I watched John Stewart‘s good Climate Change The Problem episode on Apple TV .

The issue that caught my attention on this episode was when they said recycling was created by fossil fuel companies to put the blame on us. They also said that we cannot fix the problem of climate change by recycling more. Why bother? to bring this up.

Of course recycling cannot fix problems created, but doing so means we do not cause more bad and add to the issue. Recycling is also the minimum of what we should be doing. We are nature and nature produces no waste, why should we? (see: Standing on Natures Shoulders and Did we give up? Hospice for Earth? We Need Better! and many more)

Recycling, actually upcycling, as developed by McDonough and Braungart for their book Upcycle is what we should do (see: Concept: Create More Good, Not Just Less Bad).

That is we should not use things once and leave them worse but leave them better after getting good use. This way we generate more good, not just less bad. Ideas for upcycling are provided at Upcycling: 20 of The Best Examples We’ve Seen, Top 10 Upcycling Ideas, and many more internet sites including in the video below, 35 Ways to Upcycle Everything Around You.

Why bother? Bother because doing things this way means we can feel good for doing good as we help generate comprehensive improvements by creating net-positive, pervasive, reciprocal, selfish selfless, synergistic interactions that benefit everyone and everything. Nature does this, see Oceans Generate More Good, Deserts to Garden – Helping Nature Generate All Good,What goes down, must go up? and more.

I look forward to hearing why & how you bother.

BeWell’r,

Craig Becker

Be selfish, selfless, & synergistic so everyone and everything benefits!

#SelfishSelflessSynergy

Please share your thoughts and questions below.
Contact me: BeWellr@gmail.com

Become by Doing

We become what we are by doing or we are what we do, repeatedly. We can choose this – however this takes effort. (see “Spooky Simple” Post)

As Huberman discovered:

Beliefs do not change our actions, Actions change our beliefs.

Andrew Huberman, PhD – Stanford

Better Life Automatically

The most amazing realization from these insights is we can continually get better, by doing what helps us become better. Better yet, this can be what we do automatically (see What We Do Without Thinking) if we create beneficial habits. This can happen, for the most part.

Habits are what we do, without thinking because it is what we have repeatedly done in the past. Consciously we can chose what we do now, and over time it will be what we have done which become our habits.

The best way to develop habits is with help. The best help we can have is to design our environment so it cues, supports, encourages and reinforces our desired choices. Have healthy food at home, prepared, if you want to work out in the morning, sleep in your workout clothes, have a friend relying on you and so many more ways.

While some may see this as a shortcut health and well-being, it is not – it is a direct route, not a short cut and it will take time. The time however can be used effectively by using some simple hacks such as those mentioned above (this also means you have become a time multiplier, see Be Fruitful and Multiply – Time That is…)

Outcome Measures Drive Action

Another helpful tool will be how you measure what you do. It is best to focus on measuring your actions or your process and how it has improved. Measure and highlight what you do well – the good conversation you had, the walk you took, the time you exhibited patience, the time you helped another before they asked, or the times you acted as you knew you should. All those times the real you shined – then do it again and again. In time, it will be automatic and you will be the person you desire. Measure what you do well, rinse and repeat!

Theory for Good

Theories are predictions that explain phenomena and how things interact and the expected result. Theories should be able to explain the past and predict the future. Theories however have mostly been used to describe and explain bad things, not desired good things. We need a theory for a good life that can theoretically describe how to create a better life for oneself and the world. Selfish, Selfless, Synergy is the answer which is the practice of paneugenesis.

Assistance can help, an environment that reliably and objectively provides good options will help. Find good, supportive friends and build an environment that encourages you to generate comprehensive improvements. When I went to the National Wellness Conferences, I was always motivated by the good in all because the environment supported the creation of net-positive pervasive, reciprocal, selfish, selfless, synergistic interactions from which everyone and everything benefits.

My career has now been dedicated to making the world like the week I used to spend at the National Wellness Conference (see National Wellness Conference – Amazing!). I learned that when we all worked together to generate comprehensive improvement, everyone and everything benefits.

What we need is a reliable, objective way to to guide us on this path so we design environments and lifestyles that generate comprehensive benefits. Wisdom of the commons can help. Together we can work on this project of improvement, please share how you help generate comprehensive improvements.

BeWell’r,

Craig Becker

Be selfish, selfless, & synergistic so everyone and everything benefits!

#SelfishSelflessSynergy

Please share your thoughts and questions below.
Contact me: BeWellr@gmail.com