Wall Street Crash

The recent mayhem on Wall St with the nationalisation of Fannie Mae and Freddy Mac, the crash of Lehman Bros and AIG, are all examples of business change in its most radical, most mordant form.  If you loose sight of the basics about how you add value to your customers and create real wealth rather than paper profits, then sooner or later, people are going to wise up and call your ‘markers’. 

A wise business reviews what it is doing and why it is doing it on a regular basis.  It is important to make the time to question what is being done and challenge established ideas.  It is often helpful to involve outsiders in these sessions to bring in some fresh thinking.

Change is really unavoidable, if you aren’t driving it then the chances are, sooner or later, you’ll end up with its tyre tracks down your back….

“The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise with the occasion. As our case is new, so we must think anew and act anew.” Abraham Lincoln

Tags: Change, review, Wall st

This entry was posted on Monday, September 22nd, 2008 at 20:00 and is filed under Business Change. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.