Monday 6 June 2011

JUST DO IT

My favourite recent story was from Nigeria. The economy there is in a mess with frequent breakdowns in electricity. This means factories have to rely on expensive generators and this makes life hard.

The scene is a Lagos Stock Cube Factory in Lagos as electricity fails again.
BBC Interviewer: “How do you cope with this? It must make you very uncompetitive in cost terms.”
Stock Cube Company MD; “We just make as much as we can and hope for the best.”

The day a sophisticated CEO in the western world says “we hope for the best” which in a completely erratic world where you can’t control events is the right thing to think and do, is the day I’ll break into applause.

Herb Kelleher who used to be Chairman and CEO of Southwest Airlines in America, one of America’s most admired and successful companies, said once when asked about strategy at his airline: “We have a strategy here. We call it doing things.

It’s that same action-packed attitude to life. Hurray for people who park their sceptical brains and get their hands dirty.

We are now off to Venice to what Mike Geoghegan ex CEO of HSBC described in a soulless way as
Once the greatest financial powerhouse in the world and now a mere water attraction

In that sentence we get to see what’s wrong with bankers.

As regards the weather, food, and aching feet we are going to follow our Nigerian’s advice and hope for the
best.

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