In today's Washington Post, former Intel Corp. chief executive Andy Grove is urging President Obama to "rein in the chaos." He begins with a quote from Niccolò Machiavelli: There is nothing more difficult . . . than to take the lead in the introduction of a new order of things.
Machiavelli's 500-year-old warning notwithstanding, we elected a president who is committed to "change." The economic meltdown in which our country finds itself at the start of his administration makes his difficult task even more daunting. In less than two months, the hopeful enthusiasm that welcomed the Obama administration has given way to growing worry and frustration. I find myself wringing my hands, not over the goals President Obama has set but over the ineffectual ways the administration has pursued them. I have no qualifications to judge how well the Obama team manages the political dynamics, but as a business executive with 40 years' experience, much of it managing change, and a part-time academic dedicated to studying why so few corporations succeed in navigating change, I feel compelled to comment not on the what of the Obama team's efforts but on the how.Is the president biting off more than the American public can chew? Do we need stability in the financial market before we can begin to tackle the other major problems left behind? Are some of the problems President Obama wants to address contributing factors to the financial meltdown? Can he "fix" the first, if we do not address the others?
I have found that to succeed, an organization must travel through two phases: first, a period of chaotic experimentation in which intense discussion is allowed, even encouraged, by those in charge. In time, when the chaos becomes unbearable, the leadership reins in chaos with a firm hand. The first phase serves to expose the needs and options, the potential and pitfalls. The organization and its leaders learn a lot going through this phase. But frustration also builds, and eventually the cry is heard: Make a decision -- any decision -- but make it now. The time comes for the leadership to end the chaos and commit to a path.
We have gone through months of chaos experimenting with ways to introduce stability in our financial system. The goals were to allow the financial institutions to do their jobs and to develop confidence in them. I believe by now, the people are eager for the administration to rein in chaos. But this is not happening.
These (and other questions) have me wringing my hands, too!
What do you think?
2 comments:
I think that the solutions to our problems will be labeled socialism and the super rich are dead set against any real reigning in of their power. It's a class war with gender and race thrown in for good measure. How can Obama overcome these obstacles without being "taken out" is probably what he is dealing with day in and day out. One thing is for sure--our ability to live on Earth in the future is in jeopardy and the super rich fighting against that is stupidity itself personified!
At this point the only solutions that would have a chance of succeeding are ones the monied interests would not accept.
I do wonder just how much of the chaos and crisis is real and how much is theater. Did you notice that some of the financial institutions that claimed to be in such desperate straits are now saying that if there are rules put in place on how they use government bailout funds they're going to return the money? That suggests they're not that bad off after all.
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