Competing in a Globalized World. Trends & Strategies. Prosperity. Prosperity is the result of free people using intellectual talent combined with physical skill and a superior work ethic to produce goods and services that are valued and desired by others
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Competing in a Globalized World
Trends & Strategies
Economic Freedom and Income Per Capita
Source: Economic Freedom of the World: 2007 Annual Report, The Fraser Institute
Realistic strategic planning and valid performance measurement require sound regulatory analysis
“The Governor has asked that, to the extent possible, agencies use outcome measures for their objectives.”
Virginia DPB, Agency Planning Handbook, 2008-10 Biennium, p. 30.
Note: Activities, outputs, expenditures, laws, programs, and regulations are not outcomes!
Identify desired outcomes
Assess systemic problem
Identify govt’s role
Identify outcome measures
Identify prospective costs
Compare costs with outcomes
Assess actual achievement and costs based on proven causality
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Mercatus Center's Government Accountability Project