Too complex to manage?
Lloyd Blankfein, chief executive of Goldman Sachs said yesterday: “The industry let the growth and complexity in new instruments outstrip their economic and social utility as well as the operational capacity to manage them.” (My emphasis)
It is clear that financial instruments became too complex to manage? By one estimate I saw it would have taken over 5 billion pages of documents to provide full due diligence information on just one of the most complex derivative products – and anything you cannot understand, you cannot manage effectively.
But is this also true of organizational complexity, are some organizations just too big and complex to manage? Or is it just that we cannot manage them effectively through the old fashioned ideas about leadership, collaboration and control?
What do you think?
Read the full article at FT.com.
Educate yourself further with a few more or our online insights:
25 years of experience learning with a range of world class clients
We work with a wide range of clients from global multinationals to recent start-ups. Our audiences span all levels, from CEOs to operational teams around the world. Our tools and programs have been developed for diverse and demanding audiences.
Tailored training or off the shelf modules for your people development needs
We are deep content experts in remote, virtual and hybrid working, matrix management and agile & digital leadership. We are highly flexible in how we deliver our content and ideas. We can tailor content closely to your specific needs or deliver off the shelf bite sized modules based on our existing IP and 25 years of training experience.
For more about how we deliver our keynotes, workshops, live web seminars and online learning.