The Death of Taxes (or the End of Life as We Know It?) – Forbes
Thursday, 12 April, 2012 Leave a comment
I can relate to the “desperation” that is apparent in the Author’s tone!
Virtually any company I have seen, with just a little coaching and prodding, can increase their bottom line by at least a full percentage point. Since most companies only make about 5% after tax, that one point is a 20% improvement.
And still they don’t react; they don’t change; and if they do, they do too little and only do it once. But complexity is like weeds in a garden. It keeps coming back again and again, and needs to be monitored, controlled and repeatedly removed.
Ironically, the systems that may fail first due to excessive complexity are not corporate systems. They are the incredibly complex systems that we call “government.”
Particularly in tough economic times, the opportunity to build better, more profitable and resilient enterprises, and economies, makes supreme sense.
BUT when I think about the HUGE benefits for banks and insurers of transforming their own operations; the goodwill from aiding the transformation of their customers’ businesses; and the rewards of reduced risk exposure arising from a complexity management process I am amazed that they remain so blinkered and resistant to change! Would that still be the case if they realised that the savings, from ridding their organisations of the burden of (self-generated) excessive complexity, may balance the loss of revenue generated as a result of practices and processes about which the CANNOT afford to be transparent?
WHERE ARE THE LEADERS who want to hear about the additional rewards from seizing competitive advantage, promoting a culture of loss prevention, building systemic resilience AND gaining crisis anticipation???
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