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Posted by Boris Evelson on October 16, 2008
I am appalled at what has been happening in the economy lately. Seems like we are moving from one crisis management to another. First it was the oil price increase crisis, now it’s the credit markets crisis, while the oil crisis seems to have disappeared. There are revolutionary approaches to solving these crises being thrown around very lightly and carelessly these days: nationalization of certain industries, redistribution of wealth and other extremist approaches. Haven’t we learned from history? Don’t we know by now that revolutions do not work? It’s been proven time and time again in Soviet Union, China, Cuba and many other nations that revolutions only lead to disasters: terror, holocausts, starvation, turning societies and social structures upside down, and people leading miserable existence. I know. I lived in one of those countries. I do not want to live in another country going through revolution.
What happened to the good old “let’s hold the steady course” common sense? Knee jerk reactions may provide band aid short term solutions, but they always create more problems in the long term. What we need in our economy, our government, and in our Business Intelligence (BI) initiatives is a steady course. I've lived through too many ups and downs in the economic cycles to know that in the end it's the long term strategy, not short term fixes or short term knee jerk reactions that really matter and make us ultimately successful. Steady, well planned, carefully thought out evolution, vs revolution, is what differentiates a successful society and an enterprise vs. doomed ones.
Luckily, many of you out there agree with me. I know, since I asked a couple of hundred of my clients earlier this morning the following questions:
While the answers are still trickling in, the following patterns are already emerging:
I really thank all of you out there for soothing my heart, and restoring my confidence and belief in long term strategic planning that at least my fellow BI professionals are holding the steady course with comments like:
I wish our government leaders were as smart as many of you! Stay the course, continue to enable your business to be efficient, agile and effective. Help them make better decisions to increase revenues and cut costs.
And, most importantly, stay away from revolutions!
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