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Management Accountability in the Current Economic Climate – Planning Ahead
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It is more than a well known fact to mankind that the business cycle is just that a cycle. When I an employee asks for help – a new employee who should be receiving “training” from experienced staff ( management) they may well be told “and my job is to manage”. Yet ask those same authorities what “management ” entails other than being a badge of honor , acclaim or reward what management truly involves and you will be met with more than one blank stare and the phrase ( or mantra) “I am the manager”. “I am the boss” etc etc etc.
So too is it with the current business cycle. If times are rough for sales then the refrain to staff ( who are receiving negligible pay packets) is “stay the course”. That is of course even if the ship is sinking fast.
Yet when it comes to the current business downtown the bosses are throwing the staff off the top deck of the ship as fast as they can. Downsizing , layoffs, firings are all standard and indeed the norm.
What happened to the concepts of planning ahead and of being “proactive”. Should not this been taken into account with forward looking planning. Was it now now obvious to all that 1) perilous times were coming 2) business is a cycle.
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Yet you may of heard the phrase from the mouth’s of idiot managers “Our job is to think” or “Our job is too look ahead /manage”. If these people were negligent should not they be the one’s held responsible and whose heads should be on the chopping block ? Was management involved with bond trading at Lehman Brothers reprimanded in any way or held vaguely responsible ? At the best they received large bonuses and were promoted . At the worst they were made sacrificial lambs , fired and are now in position of authority , trust and management safely at some other firm where they are in positions to advise and “manage”. More of the same.
its all very similar to the executives or General Motors going to demand money from the US congress with no business plan whatsoever prepared. But then again would you of expected different ?
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