I read an article in this morning's Nation/World section of the Orange County Register suggesting that President Bush will blame the Democratic Congress for continued high gas prices if Congress does not approve his bid to open offshore drilling. Why is this wrong? And what's wrong in general today?
Lack of leadership. Just because execs like Bush or Wagoner have the title doesn't mean they are the leaders. Leadership guru John Maxwell calls this "the myth of position". There is no gas or oil shortage. Lack of confidence in President Bush's National/Global leadership is what is fueling rampant oil price speculation. There is no gas/oil shortage (we don't need any new wells) because if we were running out of oil you'd see oil and gas companies diversifying into non-oil and gas businesses. That's what Philip Morris did when tobacco became taboo and they acquired Kraft. That isn't happening.
What's wrong with companies like GM? Simple. It takes 5 days for GM just to acknowledge receipt of a letter to company head Rick Wagoner. Small things like this add up into a behavior pattern that caused one writer yesterday to call GM a "pointless" company. How is a company to reap the benefits of becoming forward-thinking and outward looking if receptionists at companies like GM and Starbucks are not even allowed to identify decision makers when asked? The knowledge conduit gets capped by the operator.
Regarding business intelligence in America. It is as suspect as the no doc/easy doc loans that got the mortgage/credit industry in trouble. Any research that does not cause an executive to make direct eye contact with an end customer should be suspect.
George Bush, Rick Wagoner. They have a lot in common. What is America's stock price right now? That is what fuels speculation and high gas prices - so if you are a Democrat or Nancy Pelosi (and I'm Republican) don't fall when running with these scissors.