Trade-offs
What design-to-cost allows is a series of trade-offs built on future expectations. The person who wants to have the best trade-off six months from now envisions his activity now and builds his trade-offs for now on his faith that the process he is involved in will become less time-consuming. That useful step function will occur even if he can’t yet envision them.
Design-to-cost trade-offs means being committed to a reasonable future of learning and creativity rather than shying away from trade-offs that make those opportunities possible.
To take advantage of the learning curve you must know the activity will be repeated. Believe, based on past experience that time for the activity will decrease. Design in any step functions you know about beforehand. Have faith that step functions will happen. Commit yourself to being there. No excuses.
Cost , quality and time are at stake in every trading situation. Trade-offs begin with trading with yourself. Your trade-off inclination tells you which trade-off is better than another. Knowing other’s trade-off inclinations helps resolve conflicts. Seeing larger galaxies of trade-offs and recognizing impact areas helps you avoid being traded off. Getting out of trade-off traps helps you grasp opportunities. Asking ‘what-if’ opens new trade-off opportunities for you. Believing in the learning curve and designing- to- cost for the future provides the greatest opportunities of all. When managing people, you manage other traders and will always have to consider whether your striking for balance or lean in your trade-offs.
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