AMERICA'S MONUMENTAL FAILURE OF MANAGEMENT

"If you always do as you always did, you will always get what you always got." So goes an old saying. And so goes the American economy.

The problem has become the solution. Americans are now getting from their government what they got from their corporations. The automobile companies are collapsing because of their short-term perspectives and so the government has provided one bailout projected to last a few weeks, and here comes another.

We call this a financial crisis or an economic one, but, at the core, it is a crisis of management.

The Globe & Mail, March 16, 2009