Do you work in a “Corporate Death camp”?:: Prof Roger Steare on “Moral DNA”


One thing I have come to really appreciate about the “Corporate Philosopher’s” approach is his pursuit of the root cause of so many of the [Corporate] World’s ills. We can only really get reliable answers by establishing causality. That, albeit from a very different angle of attack, is what I attempt to do in business and what the technology developed by Dr Jacek Marczyk (Founder & CTO – “genius” according to this article) at Ontonix has facilitated with their model-free technology…but there is still a long way to go with spreading such understanding and insight!

But, if we are dealing with sources of systemic risk, that threaten the sustainability and resilience of ALL that we have come to rely upon, then this is a critical mission.

In the “risk society” we tend to get side-tracked, even bogged down, by the sheer volume of information that assaults our senses on a daily basis. Excessive complexity and the promotion of “flawed” correlations are allies of the leading exponents of the sick, prevailing, culture that the Prof. is intent upon “outing”. That is why TRANSPARENCY is such a threat to institutions or organisations that have cultivated and exploited an institutional mentality!!! Read more of this post

Morally bankrupt culture:: Why I Am Leaving Goldman Sachs – NYTimes.com


A salutary lesson for every firm…particularly those within Financial Services (irrespective of scale).

Any “leader” who believes this is only about banks or bankers had better think again!

This is about the prevailing culture that they have presided-over, if not created. It may have enabled you to secure the wealth and power you so craved. But, if it is all that some of the newest, youngest, brightest recruits of the last 10 years have been fed and were/are too fearful to question, you can no longer deny that YOU have done your firm, these individuals, your clients (past and present), economies (local &/or global), future generations and, perhaps, the planet untold, perhaps irreparable, damage.

Unlike a Rating Agency my opinion is completely free! It is based upon both qualitative and quantitative data. Put as simply as possible, unless a financial organisation can offer a high level of transparency, sufficient to reassure its stakeholders and to (re)build TRUST it is not and cannot be deemed to be “investment grade”.

Financial Reform, courtesy of Basel and such like, should not come at the enormous expense that it does. Instead of spending increasing amounts on relentless lobbying it could be invested in “change” that stakeholders can see and believe in…TRANSFORMATION from the inside because you know and admit that it is the only way forward.

I hope this can be a wake-up call to the board of directors. Make the client the focal point of your business again. Without clients you will not make money. In fact, you will not exist. Weed out the morally bankrupt people, no matter how much money they make for the firm. And get the culture right again, so people want to work here for the right reasons. People who care only about making money will not sustain this firm — or the trust of its clients — for very much longer.

via Why I Am Leaving Goldman Sachs – NYTimes.com.

If you like a good conspiracy story I would urge you to read this piece about Martin Armstrong who was only released from jail last year:

Looking behind the curtain: If you like a good conspiracy theory…

Don’t forget that Goldman’s played their part on aiding the Greek Government bring the Euro to the brink of the abyss! I (like others) have had a go at Goldman Sachs on more than one occasion. Enjoy.

 

Tempus fugit:: Extreme Risks update [report from Towers Watson]


Towers Watson are doing some sterling work at the minute whilst others appear content to believe that the future will closely resemble the past…strange, when you consider how much the world has changed in the last 20 years, let alone the last century! As the Founder and CTO of Ontonix, Dr Jacek Marczyk, put it:

“Running a company based on just the financials is like driving a car by only looking at the rear view mirror!”

This statement can be readily adapted to apply to classical economics, credit and risk rating (& modelling) that have been shown to be “deeply flawed”. Compounded by an unchanged culture and utilisation of risk management tools and techniques (from the Industrial era) that have failed, so spectacularly, in the Digital Age.

We “know”: about the differences between risk and uncertainty: that interconnected entities present a very different probability distribution; about “Black Swans” and low probability/high impact events; the threat of “systemic risk” is significant and straddles domains as readily as it transcends “scales” (micro to macro), business sectors and national borders; that, in the face of uncertainty, we NEED to (re)build RESILIENCE…

Regrettably, the common approach (particularly in Financial Services) seems to be to overlook the inconvenient truth

Read more of this post

Facilities Management: Sustainability + “intelligence” = Smart asset strategy


Think of a building as a system (or man-made ecosystem) that may be unable to function if one of its sub-systems fails.

Each sub-system is inter-connected, either physically, or by the purpose for which it was constructed or is occupied. At best, the loss of one sub-system can lead to a temporary partial or full closure. At worst it can cause unseen damage to another sub-system or systems.

So, if the overall system is reliant upon interdependent sub-systems: WHY are interdependent functions only measured independently?

”Imagine assessing the robustness of the electricity grid with data on power stations but not on the power lines connecting them”

Ontonix technology offers the solution. By, effectively measuring the complexity of the (eco)system, each interdependent sub-system and the evolving relationship amongst them. The result is an early warning system providing “crisis anticipation” that supports the old adage that “prevention is better than cure”…it is also much more resilient, sustainable and profitable!!!

Sustainability + “intelligence” = Smart asset strategy Take the smart technology associates with modern construction, facilities or asset management and then…. …add a “brain” in the form of a real-time (remote if necessary) complexity management system from Ontonix. Rents and Occupancy Higher for Green Office Buildings The real estate sector can play a significant role in a low-carbon economy. Not only do investments into more sustainable business practices and technologies benefit the environment an … Read More

via Get “fit for randomness” [with Ontonix UK]

Why “problem-solving capability” NEEDS enlightened leadership


It can be difficult to understand that common management issues and disappointing business performance can be examined in the context of biological, technological and ecological systems but… they can!

If you don’t believe me, you can, pretty readily, get a copy of Stephen Covey’s famous book, “7 Habits of Highly Effective People”. I seem to recall he talks about INTERDEPENDENCE as a “higher state”. In doing so he is touching upon subjects dear to my heart and often taken for granted by each and every one of us…

…we would not fair terribly well without the unimaginable complexity of the ecosystem, that sustains our planet, or  the enormous biological complexity within the human body. There is a growing appreciation of the universality of systems: to such an extent that business, global financial, IT systems and others are now being viewed in a very different way…

Read more of this post