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What’s in your knowledge hard drive? |
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I remember some years back running a two-day workshop as part of a 12-month management development program for a large construction company. The company started out as a small family building construction company and ended up as a multifaceted international conglomerate. They now build and manage, amongst other assets, a string of international five-start hotels and apartment buildings.
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Read more... [What’s in your knowledge hard drive?]
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What led to the problems at BP's Deepwater Horizon oil rig?
It would be easy to say that it was a technical problem. The blowout preventer, a critical fail-safe mechanism on the ocean floor, failed.
But the problem goes much deeper than that (excuse the pun). Poor management strategies and practices lay at the heart of the problem.
And as with the recent global financial crisis, it seems that both the regulators and management, were unclear about their roles.
"Who's in charge?"
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Read more... [Who's in charge?]
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An ineffective manager can cost the organisation $1 million! |
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The difference to the bottom line in monetary terms between a new manager with extremely poor performance and his or her counterpart who performs at an outstanding level, can be as much as £50,000 (almost $100,000).
This difference can increase to a staggering £1/2 million for a middle manager (as reported by Professor Nikos Bozionelos of the Durham Business School in Management Issues, Sept 07)
Do organisations realise this?
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Read more... [An ineffective manager can cost the organisation $1 million!]
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Barely a month goes by without some new corporate scandal breaking across the media. But do the executives of these companies think that people will not find out what they have been up to? And from a leadership perspective, what type of culture does such behaviour engender within an organisation?
LG Electronics, one of the world’s largest electrical manufacturing conglomerates, has just been caught again (this is the third time), trying to beat the system by hoodwinking customers and the public. CHOICE, the magazine of a not-for-profit Australian consumer advocacy group, has just discovered LG has been doctoring refrigerators to make them appear more energy efficient.
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Read more... [Does honesty pay?]
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The recession we find ourselves in now was inevitable and it has been brewing for the last 15 years. Why? Because investing has been replaced by short-term trading and the interests of shareholders and staff have been placed above those of other stakeholders.
Actually, it probably started a little earlier than 15 years ago. In 1974 the US Securities and Exchange Commission introduced deregulation of brokerage commission costs. Prior to this, it would cost a broker or trader approximately $1 commission per traded share. Today that figure is somewhat like $0.01 per share. So one can readily see that trading in shares today is a far less expensive way to bolster ones finances than it was all those years ago.
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Read more... [15 years in the making!]
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