About a year ago, I wrote a piece for China Sourcing called “Where Have All the CQO’s Gone?” CQO is an acronyn for Chief Quality Officer? Twenty or even 10 years ago, most companies had a head of quality who was a VP or even higher level company officer. I wrote: Continue reading
We are going to see the big battle for ERM standard supremacy in the next 5 years between COSO and ISO 31K. Continue reading
Volatility is going to be with us for a long while.
This means more risk. The good news for us in operational and technology risk management is lots of work and consulting opportunities. This is from a survey conducted recently by the Society of Actuaries. So, here are a few more data points: Continue reading
Most associations and organizations are becoming or are going the way of moose lodges. This is the biggest challenge to all organizations over the next 20 years. So, what is mooselodgism?
Moose, Elks, Masons, Daughters of American Revolution (DAR) and other service organizations were prevalent for hundreds of years. They were staple and anchored the social service activities in many communities. But, they have largely disappeared. Why? They couldn’t adapt to technology and couldn’t change to meet new requirements.
We’re seeing this now in most organizations and assocations. Think of the organization or association you belong to? How many folks attend a meeting? What is the demographic of the folks who attend? How are decisions being made or not made? How diverse is the population who attends meetings? How does the organization use technology to manage itself?
Don’t think Mooselodgism applies to you or to the US? What’s the most prominent organization in the world? US Congress. They US has a $1000 billion deficit. Congress can’t make a decision and solve this problem that impacts all of us. Go figure if Mooselodgism is real or not?
Most Fortune 500, OK even Fortune 2000 companies, are not US companies. They may have been founded and incubated in the US. Their founders were or are US citizens. The technology may have come from the US government. However, many and soon most will be global organizations.
These global companies focus on making money for their shareholders. They make money where there is demand for their goods and services. They may have started in the US, but now are global. There are many implications to this, that is causing denial, disbelief, misunderstanding, and social unrest.
These global companies are offshoring core processes and outsourcing their intellectual property to economies where there is demand and revenue.
The implication of the above is that jobs are moving to where there is demand for their products and services.
These companies are not loyal to local communities or constituencies. Local communities in the US that incubated these companies are often in disbelief. They feel these home grown companies owe the community taxes, employment, and support of its citizens. It’s not working out this way.
This is a huge problem. It’s a revelation to the 99 percenters. It’s known and accepted by the 1 percenters. The 1 percenters know and accept that we live in a global economy that both Democrats and Republicans endorsed in the free trade mantra all boats and economies will rise. Unfortunately, the opposite happened. Much of the world prospered. We’ve largely stagnated.