The 'real issues' confronting the corporation
In consulting to literally hundreds of companies over 30 years, I have come to the following conclusions - not necessarily what you would expect.
- Most corporations try to do the right thing by their shareholders and stakeholders.
- The level of incompetence at executive and board levels in many corporations is simply astounding.
- I have witnessed BILLIONS of dollars of shareholders funds being wasted over the years as a result of well intentioned but intellectually bankrupt thinking.
- Ego and reputational and career risk is the most destructive and destabilising influence within most organisations.
- Individual subjectivity is the principal determinant of corporate strategy and activity - with corporate outcomes being determined by subjective judgement rather than by a factual understanding of shareholder requirements.
- Corporate performance is often determined by power and charisma rather than logic and evidence (acknowledging however the important role that business intuition plays.)
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