We are cursed in the fact that we live in interesting times. The economy is going haywire in lots of countries and nobody seems to know how to solve the problem. The Americans and Mr Hollande in France seem to follow the old adage, “when the going gets tough, the tough go shopping”. Is this wise? Who knows, but the US economy does seem to be crawling ahead, very slowly.
Mrs Merkel and our own Dave follow the austerity route and this does not seem to work well here or in Greece or Spain. Personally I think this may be the better route in the long run, but then, in the long run we are all dead, so it’s questionable whether we will ever find out.
None of this has much to do with my blog, except that whatever governments do about the economy, everyone appears to agree we have to do something about regulation. We have reached the tipping point where we can no longer think for ourselves, seek something or someone to blame, and need to be trained at everything. Whatever the case, you have to have some regulation in place in advance to deal with every eventuality.
You don’t believe me? Well let me give you an example. It was most unfortunate for some people to attempt to drive through a ford, simply because their sat nav told them to. Sadly they had not taken into consideration it has been raining for 40 days and nights (and there is still a drought out there) so the ford was four and half feet deep. The report I heard was actually blaming sat navs. The sat nav manufacturer should probably have issued a disclaimer up front to say that the user should take weather conditions into account.
In a company I have had some dealings with a new phone system was being installed. Not really a new system, just a different provider. The question posed was when the staff would get trained. I am still curious in what they should be trained.
It is challenging to decide how to run your company and to know when you reach a tipping point. Contrary to the moto on what to do when the going gets tough, my first advice is to stay away from spending money you do not have. My second is to spend the money in a way that reduces costs or increases revenue. Otherwise, don’t spend. I think the same is true for the governments, but let’s not go there.
Create an environment where people learn, share and above all, do not seek to blame. Training is important (Richard Lambert will probably confirm this) but not to the point where nobody thinks anymore. We have reached a danger point where the thinking seems to have gone the way of map reading and most of us fortunately know that the guidance is not always right.