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Start with Zero for Clear Growth
Maximizing potential requires starting from a clean slate. In resource-scarce environments, a strong emphasis on education and well-structured incentives drives success. Effective governance involves attracting talent through competitive compensation for civil servants, while facilitating private industry engagement. Identifying and addressing excessive or conflicting regulations can lead to significant improvements. Implementing zero-based budgeting, a method used in private equity, allows organizations to critically assess needs and allocate resources efficiently. By resetting budgets to zero and rebuilding them thoughtfully, businesses can prevent unnecessary expansions and ensure a focused, sustainable approach to growth.