Managing change and people in organizations

Market crisis may  wake up regulatory bodies, and they start tightening the screws till next big scam breaks. Here we look at major reforms in some of the fast growing economies  of the world Reforms in USA:  July 2010  saw  President Barack Obama signing   Dodd-Frank Wall Street Reform and Consumer  Protection Act.. The aim  was to control the Wall Street's misdeeds. That was a 2300-page  document  which provided for severe actions against all possible financial frauds and everyone  expected it to prevent frauds like AIG, Lehman. Democratic party believed that the law dealt with  much awaited reforms to stop the large scale financial corruption that had caused the global  economic crash in 2008.   In the words of president,the reforms represented the strongest consumer financial protections in  history of USA. This act is yet to result in action to realize what was intended. The opinions are  divided  on the outcome between too much and choking to

Management cockpit: In the eighteenth century America  cockfighting which was  bloody and mostly fatal end to the birds  was as popular as any  national sport in eighteenth-century America, with betting a prime part of it. The birds were big and strong and had  an athletic build. They were made strong ferocious and stood out  from other fowls in that historic era and even now same practice continues all over the world where the sport is held.  The birds were “dubbed ” which refers to a practice in which a bird’s wattles and comb were removed so an opponent could not latch onto them in a fight. The specially reared cocks were fitted with deadly weapons in their legs and  were bred and trained for combat readiness .These knife fitted  roosters slashed at one another while  the crowds of onlookers, screamed and enjoyed the spectacle of combat to the death, and gambled .Cockfighting is  the second most popular sport after horse racing. The first known reference

How to  d eal with crisis  created by frauds Recen tly I faced a situation.when a candidate with tall claims about qualifications and experience in quality management was hired because the company was desperate for hiring one when the ISO certification preparations were over due .The new hire somehow within a week got access tot he CEO's Check book and credit card.When the CEO happened to away he struck and withdrew huge sums from the account.The fraud almost shocked the company.When we  started to verify the candidate's credential with previous employer,  we learnt that he had done the same thing with them as well. This incident reflects the need for checks and balances in any corporate transaction. Despite many crises that had the global impact, there are very few organizations in the world, who can boast of equipping themselves with a robust defense strategy to deal with any crisis, though every one of these affected organizations is filled with brilliant talents