With the revelation of each new failure caused by
"strategic short-sightedness," as illustrated by the recent
Kodak, HP, RIM and Blockbuster failures, companies must
rethink their governance systems and in particular the role
of the board of directors.
A recent article by Anya Schiffrin "Confessions of a Davos
Wife" (see here) on Reuter's website sparked my interest.
Since the site seem to have censured my comment on the blog
( here goes freedom of expression... Note from author: I
stand corrected: after this article was published on
Competia's site, and picked up in a number of pinboards,
Reuters finally allowed my comments on the blog. Thanks
Reuters ! ), I thought I'd publish it here. I can use also
the excuse to introduce what will go on in Davos at the
World Economic Forum Annual Meeting 2012 for me this year.
Klaus Schwab from the World Economic Forum, opened one of
the WEF's meeting last month by saying *" Complexity,
velocity of global issues means decision makers are always
behind"*. From heads of state to corporate decision makers,
everyone is struggling with the same challenge: too much -
too fast. There is one profession however who has studied
carefully decision making, and systematically trained
thousands of decision makers to allow them to make decisions
in minutes, often in very uncertain conditions : *the
airline and airplane industry*. Managers and executives
could learn from them.