She began removing the controls, subsidies, and regulations that kept business lazy.
This is one of the reasons we have to be careful in how we approach our businesses. To keep one eye on the government as a backup plan for success, is to basically guarantee you won't have any.
It's similar to people that get handouts from the government, who are then lulled into a sense of false security and mediocrity, where they no longer have the desire to improve their lot on life. It's a seductive mistress to be sure.
A lazy business, will be a poor business. If you are socialized into depending on money or regulations or controls from the government as the means to your success, you've already added an element of uncompetitiveness to you business.
The point is we must be extremely careful of depending on outside forces to determine our success or future. Accepting or even initiating government interference in our market, is a sure way to move toward being lazy or lackadaisical in our operations.
We can never be a great company or competitor if we depend on anything but ourselves and our people. We start to lose our hunger and drive, as we look for handouts and non-market answers to our problems.
Margaret Thatcher knew if Britain was to continue to be competitive in the business world, it would need to be dealt some hard medicine that dealt with the sickness that previous British leaders had imposed on the country.
Even today you have some of them whine because the results caused some short-term pain. That wasn't Thatcher's fault, but rather the fault of many before her that perpetuated the problem. She had the guts to take the problem on, in order for Britain to have a chance at a prosperous future.
For any business, we must be extraordinarily careful on depending on things outside of ourselves. We need to learn for ways to combat business "laziness," which can come not only from outside sources, but from giving departments or divisions so much money they don't need to come up with innovative ideas in response to problems. They can bluff success because an abundance of money can hide business sickness.
We need to be aggressive in pursuing the demise of easy options of any kind that can create a lazy business. A lazy business is a dying business.
Margaret Thatcher Resources:
The Best Quotes From Margaret Thatcher's 'Statecraft'
Margaret Thatcher & the Revival of the West
Interview with Margaret Thatcher
Magaret Thatcher's Life in the Shadows
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