Cure for Inflation
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“Inflation-Fattened Firms Forced on a Crash Diet” (Nov. 24) is an excellent description of how inflation bedevils business.
In looking for causes of the bedevilment, Pogo’s words come to mind. To paraphrase, “the enemy is US.”
My list of reasons for inflation-related business problems includes the following:
1. Many performance-monitoring systems don’t adjust for inflation.
2. Most managers (and most people) think and act as though the world is more certain than it really is.
3. Many organizations become too myopic.
4. Many organizations have slow reaction times.
The good news: These causes are curable. Many corporate success stories show this.
Articles like the aforementioned are of great help.
LYNN B. DAVIDSON
Los Angeles
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