Some strategies to effectively manage stocks in a system include understanding the nature of the stock, monitoring the inflow and outflow, and adjusting these flows based on the feedback loop. For example, if the stock is money in a bank account, understanding the interest rate (which affects the inflow), and monitoring the spending or withdrawal (which affects the outflow) can help manage the stock effectively. Adjustments can be made based on the balance in the account, which forms a feedback loop.
How do you avoid wasted time, money, and resources from short-sighted decisions? When you think in s...
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