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CEOs Never Had All The Answers

May 4, 2009

Analysis of:CEOs starting to run out of answers | www.vimay-group.com

It is a widely-held misconception that a single person can comprehend an increasingly complex world and effectively direct the strategy and structure of a complex social system to ensure sustainable profits. The essential error lies in assuming that the socio-economic context within which business operates is a system much like a mechanical clock that operates in accordance with immutable laws and is almost entirely predictable. Once it is believed that the future can be forecast with reasonable accuracy, it is reasonable to assume that future profits can be assured if only the right person is hired as CEO. A leader who knows how the world works can guide the corporation successfully. But if the socio-economic context is complex, it is without clear cause effect linkages, has no consistent rules predicting assuring consistent outcomes from actions, and is essentially unpredictable. In this stochastic world CEOs may be occasionally lucky but can never have all the answers.

Incorrect - US Science Education Sole Factor

April 30, 2009

Analysis of:Obama promises major investment in R&D | finance.yahoo.com

Beyond increasing knowledge, science contributes to economic growth through technological innovation. While improvement in America’s K-12 science education would be helpful, it is neither necessary nor sufficient for expansion of the nation’s scientific output or of its system of technological innovation.

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