I started out doing consulting by forming BASIC Management Group. The focus being that a solid business needed to be grounded in basic business fundamentals. Recalling what has happened in the past few weeks, BASIC developed during a significant economic cycle in the late 70’s, early 80’s. The cause of what has just occurred in the financial world has been:
- A deviation from sound business practices
- Lack of ethics/morals
- Flawed leadership
I am sure there will be countless theories about this whole mess. I have confidence that the pendulum of reason will swing back to a sensible level of balance.
Enterprises/organizations of all kinds will encounter plenty of challenges.
The foundation for success will always be business basics.