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Often, the basic comments of
an Economics 101 professor include, “all things being equal”
or “let’s assume all factors remain constant” somewhere within their
dialogue. These comments in a nutshell explain the Newtonian
Paradigm that exist throughout modern economics; which tries to
explain the law of economics through hard science, or physics.
Imagine if you could run your business with all things known
remaining constant.
Fixed Data-FD Fixed Data Fields (Newton-Stability-Physics)
require information used to manage the known situations and predict
reliable outcomes. The benefit of this type of data is that it is
easy to manage and that it does not change. The fixed data in our
example of selling a home would be any data that is known. For
example, the property address, the square footage of the home,
etc. The purpose in CTM is to separate the
fixed data from the variable data in order to
define each critical task, and automate the population of fixed
data as much as possible |
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