The above statement illustrates the dramatic situation in the financial markets where no one, no one at all, has any control. This is what we face daily in our strategic intelligence practices. We provide some insight as to why we cannot rely on the financial system, or on presidents, prime ministers, politicians or central bankers.
We generally never deal with the same topic three times in a row. But in this case we have to, because there is so much wrong in the financial sector. What do you think about the above quote from the Bank of England’s Chief Economist, listed by TIME Magazine as being in the Top-100 most influential people in the world? To us this of great concern, though most people in the world don’t realize it.
The book “It Can’t Be True”, published in February 2015, was based on 2 years of research from over 200 in-depth interviews in the City of London. In his book. Luyendijk makes comparisons with the world of animals: traders are baboons, investment bankers are tigers, back-office employees are hard-working beavers and the departments of compliance and risk management are ants. The majority of the employees in the sector are therefore beavers and ants whose task is to control the tigers and baboons. Mission impossible!
“Management can never be completely comfortable with its strategic choices because the company is then at risk of missing the dynamics of change in their business environment”The statement above is about strategy, the most difficult topic in business today. Strategy is not about vision-mission-objectives-strategies.