Economic resilience for Scotland requires INTERdependence
Friday, 19 October, 2012 Leave a comment
I don’t wish to engage in or contribute to THE political debate on how the interests of our nation are best-served! No offence to Salmond or Lamont but, rather than listen to them, I would defer to some “older wisdom”…no not Ming Campbell:
“To put the world right in order, we must first put the nation in order; to put the nation in order, we must first put the family in order; to put the family in order, we must first cultivate our personal life; we must first set our hearts right.”
Apart from cultivating greater personal understanding of how WE can contribute to a better Scottish society, our greatest challenge is how to (re)build financial resilience: create a sustainable economy and undo the damage done to our finances, our hard-earned reputation for economic thinking, innovation and business leadership.
HOWEVER, worryingly, the common denominators are NOT the definition (of the problems) or approach (solutions) but the lack of an objective, quantitative, assessment of the nature and extent of the problem as well as a means of measuring and managing such a highly complex…but vital…task!
We need to embrace ‘Systems Thinking’ in order to understand the problem(s) i2o [inside to out]; to establish the ‘common purpose’; to (re)build from the ‘bottom up’; to know what we need to do; and to assess IF we are succeeding.
Objectively measuring and monitoring is NOT something lacking in the Ontonix proposition.
That complexity is a source of risk has been established beyond any doubt. As is the fact that, conventional risk management does not possess the tools to distinguish cause from effect in complex business systems. So, identifying sources and mapping non-linear interactions – that, otherwise remain “hidden” within the data – offers a unique insight to the “observer”, enabling the business owner to:
- gain “crisis anticipation” and
- anticipatory awareness
- reduce risk exposure
- reduce uncertainty
- improve operational effectiveness
- improve profitability
- build-in redundancy
- maintain resilience
…and create a more sustainable enterprise – community – nation – economy – world.
- Interdependence:: Seth on civilization (fitforrandomness.wordpress.com)
- Revisiting “networked networks”:: setting the scene for epic failure! (fitforrandomness.wordpress.com)
- Edge:: Reinventing Society In The Wake Of Big Data (fitforrandomness.wordpress.com)
- Ontonix: “Optimal does NOT mean best” (fitforrandomness.wordpress.com)
- Risk:: some things just CANNOT be modelled (fitforrandomness.wordpress.com)
- Airmic:: ‘Black Swan’ events: avoiding extinction (fitforrandomness.wordpress.com)
- Business Fractals: THE MEANING OF COMPLEXITY (fitforrandomness.wordpress.com)
- Public managers should stop telling people how to behave | guardian.co.uk (fitforrandomness.wordpress.com)
- What is systems thinking? (Part III) (customerthink.com)