Maginot Mentality
The last year of economic and business calamity has shattered much of public and leadership faith in business structures and controls. Regulation failed to regulate, economic self interests of financial institutions imploded from the inbred complexity of derivatives underpinned by illusionary value creation, and the dynamics of a virtual world provided no sea walls against an economic tsunami. The unraveling of the US auto industry is likely to precipitate yet more fundamental changes of how we will all operate and conduct our enterprises
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