We react to the economic crisis with layoffs, travel restrictions, forced leave, reductions, cutbacks, pointing fingers…(you fill in the blank). Bad strategies? Maybe not. Some of these responses may be warranted in the short run, but if you are concerned with measuring success by long term results, then these solutions alone aren’t enough.

It seems we love to place blame by pointing at events, corporations, and people…sub-prime lending, Enron (remember?), the auto industry, Bernie Madoff, banking executives and their huge bonuses. And we’ll probably sign into more legislations like Sarbanes-Oxley Act (SOX), although signing that in 2002 didn’t keep what happened in 2008-2009 from happening. Why do shareholders (by the way that’s us) demand short-term results and LOVE layoffs and cutbacks? It’s because someone is doing something… Hooray!!!! (more…)

Here we go again. It was getting kind of sparse out there for the global consulting houses as Sarbanes Oxley (SOX) started winding down. No new systems to design, policies to write, audits to perform, secret 800 numbers to set up. We did our best to legislate integrity, police honesty and audit truth and honor.

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