Survival?:: distinguish between opportunities and threats


Benoit Mandelbrot introduced us to the world of fractals and, low-and-behold, it transpires that, when it comes to dealing with complex systems such as the human body, the smaller the scale of our investigation the closer we get to the root cause of a problem. Our success-rate when it comes to dealing with diseases that, unseen, attack and erode the system from within, has increased exponentially.

Why, then, does the “business world” chose to ignore such lessons? Preferring instead to try to estimate what the future might hold based upon a fuzzy image of the present and a black & white image of the past. Our technology has evolved whilst much our thinking is mired in a, now past, era.

Whether you believe that business is war (and vice versa) or not you cannot help but be aware that it is the same in the Animal Kingdom as it is in business: those who would do you harm have evolved camouflage that enables them to merge into their surroundings and get as close to their intended victim as they can.

If your vision or other senses are impaired or the predator uses the environment to their advantage you are easy prey…THINK ABOUT IT AND ACT!!! Lose the blinkers.

Question what you know, how you know it, who you trust, their motives, the basis of their knowledge. If they can’t provide you with a High Definition image of that which you seek to observe, you may have been fooled their camouflage OR be sleepwalking toward oblivion with your only comfort being that you will be far from alone!

Ontonix don’t do sleepwalking: Rate-A-Business

How can you become a reframer and continuously practice mental model innovation? As Nooyi and Immelt did, you first need to change the lens through which you observe and interpret the business world — a world that’s getting increasingly complex. To use a metaphor from photography, you can’t capture nor appreciate the full richness and complexity of the physical world if you only take snapshots using a still camera with a fixed 2D lens — and do it only during the daytime. Rather, you need to train your mind to act as a sophisticated “mental camera”…

See Innovation Opportunities with an Upgraded Mental Camera – Navi Radjou, Jaideep Prabhu, Prasad Kaipa, Simone Ahuja – Harvard Business Review.

Domestic terrorists don’t wear pinstripes


Is it just me that is absolutely gobsmacked by this!?

Further evidence, of the lack of consistency and glaring inequalities. OK, we know that Regulators and Legislators see fit to ignore the scale of the crimes perpetrated by these banksters BUT for how much longer can any right-minded citizen stand idly by?

More (costly) regulation won’t change this culture but, CONSTRUCTIVE TRANSPARENCY can. And, in the process, reduce the risks associated with such behaviours.

Political and Financial leaders know that they are playing a very high stakes game and that there is a growing threat that ALL that they hold dear will, as a result of both their actions and inaction, come under threat. Would this go some way to explain the rate at which civil liberties are being stripped away across the Western world? I sincerely hope that such questions or suggestions don’t qualify me as a “domestic terrorist” because, as a mere citizen, anything could happen…

JPMorgan Chase has been sanctioned by US regulators for failures in its risk management operations after it lost more than $6.2 billion on a single credit derivatives trade. The sanctions follow the disclosure of significant losses in a large synthetic credit portfolio that was managed by the CIO. The botched bet – made by UK big fish Bruno Iksil – had managed to wipe out $51 billion in shareholder value before alarm bells started to ring at the bank’s head office in New York. Among other things, the Fed identified deficiencies in risk management oversight, modelling assumptions, audit and finance reporting and escalation to senior management. The OCC further found that the bank’s BSA (bank Secrecy Act) compliance programme had “critical deficiencies” with respect to suspicious activity reporting, monitoring transactions, conducting customer due diligence and risk assessment, and implementing adequate systems of internal controls and independent testing. Despite the criticism, JPMorgan Chase escaped with nothing more than a rap on the knuckles. No fines were levied by the watchdogs and the bank didn’t admit or deny wrongdoing in consenting to the regulatory orders

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Complexity underpins the top business continuity issues for 2013


The failings &/or shortcomings of conventional risk management are known but still it’s acolytes continue to peddle their wares and ignore the inconvenient truth…

Complexity is a recognised source of risk that their tools and techniques CANNOT identify or address…but, if the understanding of the issues is growing amongst Risk Managers, surely, it can only be a matter of time before the ‘power’ of Ontonix tools becomes fully appreciated.

“…the risks we all face as we go into 2013 are much more complex, and thus much more difficult to counter,” says Michael Davies, CEO of ContinuitySA, Africa’s leading provider of business continuity services.

In what has become an annual exercise, Davies and members of his executive team met late in 2012 to review their predictions for the year and ponder what the coming year might hold for risk managers.

“What became very clear is it has become almost impossible to consider individual risks without taking the overall risk into consideration,” Davies observes. “Globalisation and the profound connectedness between individuals, companies and countries promoted by technology means that risk, too, must be seen broadly.”

Bearing this observation in mind, Davies and the ContinuitySA team have identified the following set of six interrelated risks for 2013….

Complexity underpins the top business continuity issues for 2013 | ITWeb.

Ontonix:: WE have every reason to advocate transparency


The Ontonix ‘Corporate Mission’ is clear and there is no better starting point – or time to start – on the road to building a more effective and resilient business – communities – economies – world, than RIGHT NOW!

“In the past few decades we have conceived, designed and constructed extremely complex systems and infrastructures on which our lives depend to a very large degree. The list is endless but it all comes down to…

Check out this 3 minute video from Ontonix

Conventional tools and “wisdom” are inadequate for today’s Complex systems

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More Skin in the Game in 2013:: Nassim Taleb [Project Syndicate]


Without sound foundations the global financial sector are little more than licensed “cowboy builders”!

The ancients understood that the builder always knows more about the risks than the client, and can hide sources of fragility and improve his profitability by cutting corners. The foundation is the best place to hide risk. The builder can also fool the inspector; the person hiding risk has a large informational advantage over the one who has to find it.

More Skin in the Game in 2013 by Nassim Nicholas Taleb – Project Syndicate