Tag Archives: BP

Goldman Sachs and the Need for Hangings in the Village Square

Posted on June 13, 2010 by Larry Miller

The child like and pseudo religious belief that the free market will, by itself, right all wrongs in time, a belief adhered to by Alan Greenspan and other groupies of Ayn Rand, is at the heart of our financial crisis and the crisis of capitalism. This Greek tragedy was played out at Enron, Lehman Brothers, and now Goldman Sachs and BP. The question is whether corporate executives are capable of adhering to principled behavior in the absence of punishment of significant severity to balance out the significance of potential rewards for unprincipled behavior. Continue reading →

Posted in Corporate Culture, Corporate ethics, Corporate Social Responsibility, leadership, Politics, Spiritual Capital | Tagged , , , , | 8 Comments

Lean Politics: Give Up Ideological Waste

Posted on June 6, 2010 by Larry Miller

The environmental disaster in the Gulf of Mexico is in part the result of political/ideological waste. Lean management focuses on the elimination of waste from manufacturing and other processes. Lean managers develop a keen sense for what adds value and everything else is waste. There is some mass schizophrenia when it comes to the role of government and the private sector. This madness is a complete waste of resources and is itself responsible for many of our problems. It is past time to get beyond this madness. Continue reading →

Posted in CNBC, Corporate ethics, Corporate Social Responsibility, lean management, Politics, President Obama, The New Capitalism | Tagged , , , , , , , , | 7 Comments

Decision Making Chaos on the Deepwater Horizon

Posted on May 31, 2010 by Larry Miller

It appears clear now that the Deepwater Horizon, the Transocean drilling rig under contract with BP, suffered from poorly designed decision processes. Continue reading →

Posted in Corporate Culture, General, Team Development | Tagged , , , | 2 Comments