It is the Titanic and Costa Concordia all over again!
Some of the potential excuses used to justify their underperforming companies by current CXOs include:
- It is not my fault the market didn’t acted as I predicted
- It was not me who created the problem, it was (fill in the blank)
- The employees are not motivated (even if I get my own private nursery and they are not)
- The employees don’t want to work (even when I get a million dollar bonus and they are not)
- Yes it broke down while I was playing with it but, I am the only one who can fix it
- I learned how to break things really well at my previous company, now I can try to learn how to fix them at yours
Paraphrasing the Law and Order disclaimer:… While potentially based on real statements by many CXO’s, the previous statements are fictional and does not depict any actual person or events… 🙂
Harvard Weights In:
Ok paraphrasing that statement we can say that: The CXO’s of U.S. companies consider that even if they were in command of the ship, it’s not their fault that they ran aground
Yes, it is the captain’s responsibility.
- Titanic: The captain Edward Smith in order to make a name for himself by making the fastest UK-US trip, took a potentially risky route through dangerous waters.. As potentially expected the ship hit an iceberg and sank, with considerable loss of life. The subsequent investigation found that while the captain was responsible because of his decision to “steam into a dangerous area at too high speed”
- U.S. Airways Flight 1594: Captain Chesley Sullenberger (Sully), successfully ditched his plane into the Hudson river after striking a flock of geese during his take off from New York, saving passengers, and crediting his crew for their contributions to the rescue. (When was the last time you saw a CxO crediting his employees for their actual work?)
- Costa Concordia: Even worst than the Titanic, the sinking of the Costa Concordia cannot be explained or justified in any way as it’s captain Francesco Schettino recently try to place the blame on the pilot because “it didn’t reacted well or fast enough to his last minute instructions”.
In my opinion this is exactly what it is happening today in U.S. corporations, their CXO’s think they’re doing a great job, even when clearly the boat is sinking. We can only hope that they actually wake up before it is too late (some may argue that it is already too late), and start working on what could be beneficial for all stakeholders, and not just on what may give them (CXO’s) the larger quarterly bonus. Today they are acting more like small country dictators that only care about their own pockets, instead of their expected stewards making the welfare of their employees, customers, and stakeholders more important than, or art least as important as, their own. It may be time for them to stop reading the business publications headlines, and start actually reading the articles and learning that if the ship is sinking, it was the captain the one who drove it down that path.
Copyright © Inloso, 2013. Your use of the site and the information provided is contingent upon the agreement with Inloso Terms and Conditions
Inloso offers strategic business consulting in Latin America, specializing in outsourced field operations, IT, and telecom. We have over 20 years of experience and can help you expand your business, improve your profits and customer satisfaction, and/or reduce your costs of operations. Please visit our contact pageif you request our assistance in any of these areas.