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jerryking : gwyn_morgan   10

Maybe it’s time to rewire and unplug the next generation - The Globe and Mail
Nov. 30 2014 |Special to The Globe and Mail | GWYN MORGAN.

How can people who’ve spent almost every waking minute moment fixated on their gadgets learn thinking skills such as problem solving, strategic planning and disciplined time management? Psychological studies don’t paint an encouraging picture....It’s dangerous from a social standpoint because constantly distracted people who are incapable of long-form thinking will have difficulty managing their lives. And it’s dangerous economically because business success in a globally competitive world requires undivided focus, analytical accuracy, creative problem solving, innovative thinking and team-working skills.

The Internet brain seeks to fill all “gap” time tweeting, texting, e-mailing, following Facebook “friends” and, if there’s any spare minutes left, playing video games. Is it possible to rewire the Internet-addicted brain? I wouldn’t be surprised to see “Internet withdrawal” retreat centres emerge as a new business opportunity. And businesses should be adding “long-form thinking” to employee development programs. The survival of their enterprises may depend upon it.
millennials  smartphones  Gwyn_Morgan  slack_time  strategic_thinking  monotasking  long-term  digital_natives  timeouts 
december 2014 by jerryking
Venezuela’s declining fortunes a lesson in mismanagement - The Globe and Mail
GWYN MORGAN
Special to The Globe and Mail
Published Sunday, Feb. 23 2014

The fact that Canadian oil production, which faces much greater technical challenges than in Venezuela, has grown steadily over the same period offers some fundamental lessons.

The first is that building a business requires reinvestment. Siphoning off cash to shareholders or governments stymies growth. The second lesson is that skilled people are always in demand, either in another company or another country. Without them, the only direction is down.

The third lesson is that, sooner or later, state-owned enterprises will be doomed by cronyism and dysfunction. The idea that it is up to government to set the rules, and business to hit the ball, separates free-market capitalism from command-and-control socialism. Which leads to a key lesson for those who cling to socialist philosophies: Distributing wealth, before creating it, impoverishes everyone. Only free-enterprise countries have managed to build strong and prosperous societies.
command-and-control  free-enterprise  Gwyn_Morgan  reinvestment  socialism  Venezuela  PDVSA  oil_industry  mismanagement  SOEs  human_capital  cronyism  dysfunction  decline 
may 2014 by jerryking
Lessons I learned from SNC-Lavalin’s woes
Jul. 26 2013 | - The Globe and Mail | by GWYN MORGAN.

Information is key

Because directors get most of their information from people within the company, they need to do everything they can to build and diversify their sources. There should be a robust whistle-blower system, independent of management, so employees can pass on information to directors without fear of reprisal.

Financial reporting structures matter. Internal auditors should report directly – and only – to the chair of the audit committee, not to management. The chief financial officer should have a direct reporting relationship to the audit committee chair. Operating division comptrollers should report to the CFO, not to the division leader or the business-unit head.

Focus on leadership

It’s important to have strong financial controls and ethical codes, but they will fail unless all people in leadership roles, from the CEO on down, follow them diligently and consistently.

Culture, culture, culture

It is said that corporate culture is defined by how people act when no one is looking. But it is also defined by how employees react when they see behaviour that is inconsistent with the values of the organization. When their reaction is, “We’re not going to let this happen in our company,” the organization is built upon a solid ethical foundation.
Gwyn_Morgan  boards_&_directors_&_governance  lessons_learned  SNC-Lavalin  scandals  engineering  information  information_flows  financial_reporting  financial_controls  auditors  CFOs  leadership  organizational_culture  whistleblowing  ethics  information_sources  reprisals 
july 2013 by jerryking
Four more years of demonizing American big business - The Globe and Mail
GWYN MORGAN

Special to The Globe and Mail

Published Sunday, Nov. 18 2012
Obama  Gwyn_Morgan 
november 2012 by jerryking
The decline of optimism in America -
Oct. 09, 2011 | The Globe and Mail | GWYN MORGAN.

I have always admired the resiliency of corporate America. Even at the bottom of the worst recessions, the private sector’s entrepreneurial energy has returned the country to economic growth. In more than a hundred visits over three decades, I have never seen that great economic engine so demoralized and less willing to bet shareholders’ savings on the country’s future.

And never has that “Welcome home” from a smiling Canadian customs officer felt so good.
Gwyn_Morgan  America_in_Decline?  demoralization  crossborder  decline 
october 2011 by jerryking
Youth unemployment the kindling that fuels unrest - The Globe and Mail
GWYN MORGAN | Columnist profile
From Monday's Globe and Mail
Published Sunday, Sep. 11, 2011
The most dangerous threat/force in the world is the large number of unemployed youth throughout the world.
youth  unemployment  Gwyn_Morgan  uprisings 
september 2011 by jerryking
Public sector in for some wrenching economic truths
Jan. 04, 2010 | The Globe and Mail | by Gwyn Morgan. With
provincial debts and deficits reaching crisis levels and a national
government determined to rebalance post-recession budgets, real change
can no longer be postponed. The private sector has gone through
wrenching challenge and change. Now, it's the public sector's turn.
Gwyn_Morgan  public_sector  deficits 
january 2010 by jerryking

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