Comment 42 (leanomist)
Poweromics* and out of date management practices are systematically destroying BT ... I know because I used to work there ... and many friends/colleagues say it's got much worse since ...
Few companies increase their market value by simply cutting costs (e.g. as the first chapter of my book pointed out) ...
and all the ex finance directors now running BT are out of date in the type of practices they need to use - it's not about cost accounting or simple head-count reduction ... its about innovation and continuous improvement, as well as applying 'lean accounting', 'value management' and 21st Century management practices.
Are they applying these - unfortunately not - and until they do self-inflicted wounds will only continue...
David Clift, a Future 500 Leader
* Poweromics = People use position and power for their own personal gain, based on poor moral values, self interest and greed.
Comment 98 (M_James_Eden)