Home » Posts tagged "Government"

Making It Naturally Difficult To Go Back

The advent of the fiduciary rule led the industry to make changes that may not be reversed, according to Aron Szapiro, Morningstar Inc.’s director for policy research. After the Labor Department’s announcement in 2016, financial companies began moving to comply with it. Bank of America...
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Deep Dive Into The Little Problems Now

Essentially, it was by luck. At ongoing hearings, senior bank executive Clive van Horen explained that the error had escaped numerous internal bank controls that should have caught it. The error was finally uncovered after troubling questions were raised over the bank’s overdraft application process...
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Shaping Priorities

“It’s almost like a dark state going on in Tallahassee,” said Rep. Carlos Trujillo, a Miami Republican and critic of the “culture of Tallahassee that compromises the process” because “priorities are shaped not on policy, but on relationships. Code of silence is breaking on Tallahassee’s...
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Preparing To Manage A Trillion-Dollar Mistake

According to a Pentagon history of the F-35, Darpa quietly sought assistance from a research and development arm of Lockheed Martin known as the Skunk Works. By the early 1990s, the Darpa-Skunk Works collaboration had produced preliminary concepts, and the Marine Corps began pressing Congress...
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Winning The Bureaucracy Game

Winning The Bureaucracy Game
During a college job at an Air Force weapons lab in New Mexico, [Robert Mercer, co-CEO Renaissance Technologies] says, he found a life’s calling. “I loved everything about computers,” he said. “I Loved the solitude of the computer lab late at night. I loved the...
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Why Our Innovations Fail Us

Why Our Innovations Fail Us
Yet the media telling of the story makes it sound as if ideation—the creation of ideas—is 90% of the work of innovation. Ideation has produced many inventions that never became innovations because no one adopted them. Many people are misled by stories that inaccurately equate...
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How To Avoid Great Ideas That Go Awry

How To Avoid Great Ideas That Go Awry
China wasn't even the first country to experiment with forcible population control. In the late 1970s, Indira Gandhi, then prime minister of India, introduced a program that involved the involuntary sterilization of many men and women.
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Too Much Money And Not Enough Time

Although Pompeii is frozen in time, the workers are in a hurry — to spend money. In the next 11 weeks they have to burn through almost $100 million — about five times what they’ve spent in the past three years — or risk losing...
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Lessons Learned From The California Drought

Lessons Learned From the Caifornia Drought
California captures enough water each year to meet all its needs if it operates efficiently — a big if. … “There’s learning, information sharing, creativity, and discovery.” The drought is speeding up the process. “What causes change more than anything is crisis,” Thomas Howard, executive...
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Why Top Management Approval Is Not Enough

Why Top Management Approval Is Not Enough
“It’s naive to think that three presidents and three U.S. military services would have spent so many billions of dollars on a program that doesn’t work, “ [Loren Thompson, chief operating officer of the Lexington Institute who has worked as a consultant for Lockheed] said....
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