Don’t surrender to uncertainty!

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I hope senior management do not get persuaded to divert their attention to studying ‘complexity’ in the hope of understanding recent economic turmoil.  “‘Power curves’: What natural and economic disasters have in common” argues that “parallels between financial crises and natural disasters–such as earthquakes or forest fires–suggest that the economy, just like complex natural systems, is inherently unstable and prone to occasional huge failures that are very hard or impossible to foresee. Proponents of this school of thinking are ...

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How firms are coping

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Mixed news from a recent S+B survey of execs. 75% say they do not need extra financial support – as I suspected – though that may change of course.  More worrying is that most seem not to be taking the correct actions, given their specific situations.

The article by Shumeet Banerji CEO of Booz & Co and Neil McArthur MD of Booz Europe helpfully groups firms into 4 categories ...

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Ethics vs. competence

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I took the trouble to post a query on one of the Academy of Mgmt discussion lists, asking what colleagues felt we had failed to do to allow professionals  to graduate with the basic strategic incompetence [as well as financial] to bring about the current global crisis. Replies so far seem to focus almost entirely on the ...

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