Tuesday, June 8, 2010

Quote of the day--On corporations, costs and failures

"I have personally found the transition from an attitude of 'mostly working' to 'never failing' to be very intellectually challenging. Too often the critical importance of a 'never failing' attitude only becomes obvious to corporate boards and senior executives after a critical failure has occurred and earnings and stock prices have taken a hit. Not only is the corporate heart attack victim already at risk for not surviving, the corporate checkbook is wide open to attempt recovery while also doing what should have been done in the first place. Just as important, senior executive and board time will be diverted for months or even years dealing with governmental investigation and rebuilding public trust for their brand."

"On the day of the BP explosion plaques were being distributed to employees for seven years of uninterrupted safety."

Link to original post:
http://www.forbes.com/2010/05/25/oil-spill-engineering-technology-cio-network-bp.html?partner=seealso

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