Are You Thinking What I Was Thinking IX

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  • Most businesses don’t lack great ideas today, they lack people with the skills and volition to apply and monetise great ideas
  • The problem is not the regulatory changes forced on banks, insurers, pharma etc, it is the ability of management and employees to respond effectively and efficiently (skills, behaviour and expertise)
  • The media and politicians express “shock” and “revulsion” at those using offshore tax havens to mitigate their tax liabilities but barely a whimper about at the cyber security criminals, who initiated the breach.
  • Man’s ingenuity is such that we can send a rocket into space and return it to the exact same position it departed, yet our “precision” capabilities when it is applied to tracking terrorist threats, cyber, people smuggling, are largely scrambled and ineffective.
  • Global markets have largely recovered the losses incurred at the outset of this year, yet the business media continues to run “recession scare” stories.
  • Every company is becoming a digital company, the consequences differ based on the quality of the management and employees, the amount of uncertainty within the business and the competitive threats
  • Microsoft and Google beat the best human at image recognition in 2015 but there is little evidence that humans will be replaced by computers in assessing and underwriting risk, which largely depends on art and science.
  • Value chains in almost every sector are being compressed and traditional functions increasingly being made redundant, as technology facilitates the faster dissemination of information and the application of knowledge to critical decision-making (capital deployment, human resources, innovation, strategy implementation). There is no going back.
  • Contrary to popular myth what new entrants into the workforce want today (interesting work, a gratifying job, career progression and equitable rewards) hasn’t changed in decades, what has changed is the ability of businesses to deliver it. Understanding why and doing something about it, is where the valuable debate lies.
  • In all the chest-beating about diversity and progressive organisations, by far the most disadvantaged and impactful on society are not single issue “victims” (sex, race, nationality, age etc) but those individuals with diverse pasts (educational backgrounds and life experiences), who are routinely rejected by businesses driven to hire and promote “people like us”.
  • The fanfare about “Self-Management”, as practised by organisations such as Zappos, speaks louder about the concept than the results the business has achieved in the real world. Separate the fad from reality.

© James Berkeley 2016. All Rights Reserved.

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