BEAN THEORY

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Definitions

1. finance is best understood as a commodity in terms of beans. So many beans issued to an activity and so many more beans back. Beans do not magically materialize into more beans. What brings back more beans for those issued is the production and industry of org staff and how wisely the beans are allocated. Even the interest one earns on a bank account is earned in fact by someone's production and ability to get more beans out of an activity than are put in. Where finance uses its beans to buy production and industry and projected income at a cost which requires the activity to be viable, it gets back more beans and a raised allocation -production ratio. The first rule of finance and any activity is income greater than outgo. Where finance can skillfully apply this to the divisions and personnel of an org as well as the org as a whole, the additional beans materialize because what is bought is production and the products which add up to the product ofraised income and viability. (BPL 19 Mar 71)

2. buy more money made with allocations for expense (bean theory). A small sack of beans will produce a whole field of beans. Allocate only with that in mind and demand money be made. (HCO PL 9 Mar 72 I)