The Axe

The Axe

“more is vain when less will serve”  Issac Newton

The Axe tool represents the principle of economy (some refers this as the “Ockham’s razor: It is futile to do with more things that which can be done with fewer”.

Scientists and philosophers believe that when two hypotheses describe available data equally well, the simpler one is more likely to be the correct one, all else being equal.  Einstein for example, would ask himself “is this theory logically simple enough?”

In business terms, it makes logical sense that if two solutions were to work equally well in solving a problem, the solution that requires fewer resources shall be the preferred and recommended solution.  Alternatively, we can ask of a solution: “can it be simplified”? or “how can we cut costs”?  Bosses love “low costs, high yields”!

To read more about other tools, click here.