Improve Profitability & Reduce Risk — Thrive in a Recession [Forbes]
Sunday, 4 September, 2011 Leave a comment
Feeling vindicated is pretty satisfying but being fully vindicated in print is a new level. HOWEVER, when an article appears in Forbes THAT IS SPECIAL. Then to top it all off the author name-checks Ontonix, our CTO (and Founder) and our services. WOW!!!
Let’s face it if I had written this article very few would even read it and bold claims about complexity management: increasing profitability; reducing risk; building resilience, etc. would be dismissed as “too good to be true” or marketing BS!
But, depending upon your perspective, this is all the incentive a CxO should need to investigate the subject matter – to gain an insight into just how damaging excessive complexity is to a business OR, it is all the justification required to contact Ontonix.
It is now 3+ years since I wrote The Complexity Crisis, which sounded the “alarm” about how companies were losing profits, creating self-induced problems (with the best of intentions), while searching for growth in no-growth markets. Many companies were confusing proliferation with innovation, and overlooking hidden costs all over the place, because none of the standard accounting systems make them easy to identify. These errors have not damaged the top line (revenue) as much as the bottom line (net profit), but make no mistake about it; both have been adversely affected by unmanaged complexity. The issue now is what to do about that problem.
- Ontonix – Complexity Management & Business Risk Management (fitforrandomness.wordpress.com)
- Data Mining: Detecting patterns and extracting (fitforrandomness.wordpress.com)
- “Both insurers and insurance intermediaries need to fundamentally rethink how risk is assessed” (fitforrandomness.wordpress.com)
- What every leader needs to know…but can be too afraid to ask! (fitforrandomness.wordpress.com)