2023 Nov/Dec; Trust Me, I’m an Engineer
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Stress testing for nonfinancial companies
McKinsey & Co argue that assessing a company’s vulnerability to risk makes otherwise theoretical discussions of strategy more real. They contend that nonfinancial companies, too, would benefit from a more aggressive look at the risks they face. This article contains the findings of their recently tested ‘qualitative thinking’ in interviews with the CFOs, company secretaries,…
Rapid Improvement through Benchmarking
Do you benchmark? Do you use benchmarks? What’s the difference and why should you care? The answers to these questions depends first on the context: are you a surveyor, a geo-cacher, a technician measuring computer performance … or a leader or change-agent concerned with improving an organization’s performance? This article is aimed at those of you in the…
Germany: Angst Over the Euro
In her campaigning efforts, Angela Merkel has been encouraging voters to think positively, and that the “currency is stable.” However, not all of her supports are convinced. Not only this, but a larger cause for concern for Merkel is the increasing degree of dissent among her allies. The most legitimate cause for the concern, however,…
China’s Financial System: Red Mist
The worlds second largest financial system in China is somewhat like James Bond, a man or in this case, an institute of mystery. Who is it that calls all the shots? Who is it that decides where the money is spent and exactly what it is spent on? Working out who is really in charge is…