Leadership urgently required: Sustainable value or race to the bottom?


I make no apologies for promoting the thoughts and text of someone, whose thinking (on a wide range of financial matters) I have come to respect enormously. Nick’s article (below) reminded me that, if all we do is look address what we observe – treating symptoms – we can expend too much time, effort and money applying patches or plasters (in the form of legislation, regulation, processes) without actually EVER identifying and tackling cause(s). Add a time horizon of years or even decades and the ability of a system to perform the task(s) for which it was originally intended…

Complexity decl marg returnsIs this how successive Governments have allowed the Public Sector to become excessively complex: structurally fragile, morally and financially bankrupt, monuments to institutional neglect?

– why “users” and frontline services suffer in the face of budget cuts whilst layers of management indulge in self-preservation?

Is this why Corporate rewards that are results-driven rather than strategy-led have increased moral hazard?

Why Financial Regulation failed and is “too complex” to pursue those responsible – but not, apparently, accountable – for destroying the global economy? Read more of this post