Business and life - "things are not always as they seem!"


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Thursday, 18 March 2010

War of Attrition meets War of Aggression

War of Attrition
Michael O'Leary's great Cheltenham performer is set to star on the big stage again at this year's festival. While facing stiff competition and the weakness of advancing age, War of Attrition has delivered in the past and has little left to prove.
As they return from meeting with President Obama on St Patrick's Day, the name of this superb horse is a reminder to the First Ministers in Northern Ireland of the short-term and longer-term pressures they will face in reviving our structurally untenable, long-neglected and currently weakening economy.

Devolution
To the relief of most citizens, the Hillsborough agreement is fully in place and "normal" politics can begin to operate in this region for the benefit of all its people.
That is, the politicians - all of them - must now take responsibility and address the true economic realities facing Northern Ireland.
The War of Attrition against the economic wellbeing of the population arguably started with the havoc of the Troubles. While structural effects have since been repaired and the reputational damage is fading, the legacy is an unbalanced, dependent, essentially insolvent economy with a relatively weak private sector.

Denial
Up to now, despite repeated warnings by economists and commentators, politicians and people have either occupied themselves by focusing on partisan political posturing or thanks to the credit, property and retail boom, underpinned by seemingly reckless government generosity, deluded themselves that life would continue to be financially OK.
But while these delusional diversions should be all over now, denial is still widespread and evident throughout our society. The war of attrition still threatens.

War of Aggression
There is an urgent need to create a completely new paradigm for action to meet this war of attrition facing our economy. Our current approaches, including the Barnett report even if it were fully implemented, only scratch the surface.
The war is real and demands a War of Aggression in response. The First Ministers must give a lead.

Betting
100/1 against the First Ministers and Executive leading the creation of a new War of Aggression initiative.
200/1 against an initiative reaching a conclusion within 2010.
300/1 against a material initiative being implemented by 2012
400/1 against "War of Aggression" ever happening

Sadly, on past form War of Attrition looks like the bet!

Friday, 12 March 2010

Frosty - and I'm not talking about the weather!

Green shoots?
While we are emerging from the grip of the coldest winter conditions seen in many years, our optimism is rising with the appearance of the first signs of Spring.
Now - that could be a cheery analogy for the economic conditions facing Ireland, Britain and Europe. Signs of "green shoots" so loved by politicians, actually becoming a reality for hard-pressed businesses, families and individuals.

Winter in July
But warning signals; against that hopeful if cautiously positive outcome, we are beginning to hear an increasing number of references to the dreaded potential for a "double-dip" recession curve. In other words, things could get very much worse for all of us.
With the nervousness raised by impending British elections, currency fluctuations, market volatility and skittish global sentiment, the "double-dip" is a real possibility; though my ever-optimistic (and sometimes naively irrational) take on life leads me to think it will be narrowly avoided.

Frosty
Whatever the outcome, green shoots and Spring sunshine or double-dip and winter in July, I'm firmly of the opinion that, for the forseeable future, individual and business interests will be best served by our adoption of what I call a frosty - very frosty - approach.
"Frosty" has three dimensions, whether in work or home life - costs, cash and effort.
And despite the stark discipline required for the effective control of these dimensions, a paradox within the frosty attitude is that at the same time as cracking down, we must maintain a positive get-up-and-go upbeat aggression towards improving our personal and business situations.

The Crack Up
As F Scott Fitzgerald put it "The test of a first rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function"

Frosty costs
If you run a business or part of a business, now is the time to have a ruthless rethink of your costs. Yes, you can negotiate harder with your suppliers without affecting your customer service. Yes, you can work with reduced resources and still deliver competitive quality to customers. Be frosty!
In your personal sphere; do not change your car, eat out less often and cheaper, book a less expensive holiday. Be frosty!

Frosty cash
Gurus tell us to crown the customer, because "the customer is King" and I suppose they can make an argument for this rather dubious concept. In the present climate of tight money there is little doubt that for most businesses and individuals cash is not only King, but Emperor, Kaiser and Tsar as well.
Conserve your cash even more parsimoniously than you think you should. Don't spend unless you have to. Be frosty!
Collect money owed to you with more energy than you ever have before. Make those calls. Be frosty!
Don't pay out money more quickly than you have to. Fight for extended credit and payment terms. Be frosty!

Frosty effort
This is one competitive advantage that is open to all. The blunt fact is that if you and your people work harder and longer than your competitors, all else being equal, you will beat them hands down.
Talk to your colleagues, talk to yourself and decide together to work harder. Be frosty!

Popularity
A frosty attitude won't win you any short-term popularity contests either at work or at home, but in the longer term your frosty actions will benefit your colleagues and family no matter whether we see green shoots in Spring or winter in July.

Monday, 1 March 2010

Trust, team performance and termination

"Chelsea torn to shreds"
There are varying opinions on the issue of the breakdown in trust between former friends John Terry and Wayne Bridge. At last weekend's Chelsea v Manchester City game, Bridge came, shook the hand of every Chelsea player but refused the hand of his one-time best friend Terry. That was one show of defiance, the next was for City to achieve an unexpected victory with Chelsea reduced to nine men and Terry in a futile dispute with the referee. As one commentator put it "Chelsea torn to shreds at home"

Team leadership
While the closest most of us will get to the lifestyle of today's multi-millionaire footballers is reading the sports pages, there is a core lesson here for everyone who leads a team; whether in sports, business, or any organisational context that requires groups of talented inter-dependent people to deliver results.

Leadership and trust
The lesson is that, as an effective leader, while managing the inevitable regular conflicts that emerge in the running of any ambitious enterprise, it is one of your key responsibilities to constantly look out for any signs of erosion of trust between members of your top team.

Leadership action
When you see the signs, it is your job to intervene - even if the threat to trust is due to factors external to the business - and confront the parties. Help them to look for resolution. If none is forthcoming then you have to make a hard choice and one or both of them has to go. Too often in organisations, far too often, erosion of trust between senior executives is ignored and neglected by weak leadership.
John Terry lost the captaincy of England; Wayne Bridge lost the opportunity to participate in the World Cup; but the deep tragedy is that both of them lost a "best friendship" when trust was gone. Time to move on.

Your job
Everybody on your team will not be best friends but for the organisation to perform and compete effectively a high level of trust between all parties is vital. It is your job as leader to ensure that such trust is present; there is no doubt that true friendship can be its underpinning.

WB Yeats
"When friends plan and do together, their minds become as one mind and the last secret disappears"
Your core aim as leader is that "their minds become as one mind".

Thursday, 25 February 2010

Gordon Brown - an apology for a Prime Minister

Government apology
Gordon Brown has apologised for the UK's role in sending thousands of children, under the Child Migrants Programme which ended 40 years ago, to former colonies where many ended up in institutions or as labourers on farms. He said he was apologising on behalf of the Government.

Apology.com
Brown certainly has a lot to apologise for, but he and the current Government have no responsibility, no right, no culpability, no need to apologise for something that was done by others in history. It is far too easy for him and his colleagues to appear humble and humane by "apologising" for the sins and wrongs of others, just as it was for his lying predecessor who "apologised" for the slave trade, the Irish famine and goodness knows what else besides.

Real apologies
Such a display of crocodile tears only removes any integrity these people ever had, in the light of their repeated failure to apologise for the current wickednesses for which they personally are glaringly responsible.

Iraq
At the Chilcot enquiry Geoff Hoon refused to apologise, Jack Straw refused to apologise, Tony Blair refused to apologise and in his upcoming appearance, it is highly likely that Gordon Brown will adopt the same unrepentant stance. And the conflict for which they are culpably responsible, as confirmed by Jack Straw himself, has cost hundreds of thousands of lives.

Stafford
Why don't Brown and his henchmen also take the current opportunity and apologise to the families of the 400 people who died through lack of care at Stafford hospital?

I know how this works
This PM "with the moral compass" will never apologise for anything for which he is directly responsible. In 2060 the presiding PM at that time will apologise unreservedly to the Iraqi people and to the British soldiers who were sent to Iraq to fight and die in the early part of the 21st century. Easy peasy.
In 2060 it will be just as empty a gesture as are today's nauseating, maudlin, meaningless, faux-apology displays of Brown and Blair.

Sunday, 21 February 2010

"A future fair for all"

Fair for all?
Am I the only one who feels that their intelligence is being insulted with Labour's campaign theme for the upcoming election?
Maybe it shouldn't matter, because in this neck of the woods of course we cannot vote for them or agin them, but on every news bulletin we will be forced to listen to earnest self-serving expenses cheats lecturing us on how Labour will create this "future fair for all". This is a bit rich coming from the geniuses who created our "past and current free for all" that is currently ruining the competitive capability of Northern Ireland and the wider UK.

All together now!
I have a better idea for their campaign refrain, and this has a much better chance of being delivered. Plus it has a cracking good tune!

"In the Big Rock Candy Mountains
There's a land that's fair and bright
Where the handouts grow on bushes
And you sleep round ev'ry night
Where the workshops are all empty
And the sun shines ev'ry day
Oh, I'm bound to go where there ain't no snow
Where the rain don't fall and the wind don't blow
In the Big Rock Candy Mountains.

Oh, the buzzin' of the bees in the peppermint trees
'Round the soda water fountains
Where the lemonade springs and the bluebird sings
In the Big Rock Candy Mountains"

Whose idea was it to give him that new smile?
I can just see Gordon singing it with that newly manufactured gruesome X -factor smile on his face.

Message to the PM
Gordon, life is not, never has been and never will be "fair". And certainly not "fair for all", because one person's fairness is another person's oppression. For example.

Is it fair that public sector workers are paid 40% more than those in the private sector?
Is it fair that while not all those on benefit are there by choice, many are.
Is it fair that your government colludes with thousands of "economically inactive" shirkers who choose not to work while laying the burden for their support on hard working people?
I could go on and on.

A future fair for all?
Fact - life is not fair. This Labour promise sounds very like "the buzzin of the bees".
The best hope for Gordon, and not an entirely unlikely one at that, is that Cameron's crowd pick an even more unrealistic and patronising theme.

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