Bear Stearns rescued by JP Morgan

Bear Stearns rescued by JP Morgan - shares valued at just $2 per share - what can organisations do to reduce their risks if the slowdown hits our economy?

The follies of risky sub prime lending continue to come home to roost with the latest victim to fall being the once mighty Bear Stearns investment bank. This will certainly not be the last fallout from the debt crisis and we should all be concerned at where this will end. It is likely that the world markets will teeter towards recession at best and that will impact on everyone from home owners to businesses, to jobs.

Pessimists will say there is little one can do in such a volatile situation that we now all find ourselves in. Globalisations means there is nowhere to hide from the effects of problems across the 'pond'. The UK economy is different to that of America and reputedly in better shape than many others in the world. Market sentiment is a strange thing, however, and it will be very easy to talk down the economy. An over priced housing market and lenders reluctant to pass on interest rate cuts may be all that is needed to destabilise the UK.

Now, more than ever, it is time for organisations in the UK to look again at their efficiency levels. Lean Operation tools can help drive out waste, employee engagement can generate involvement and improvement ideas, culture change can create better customer service and, for the regulated sector, reduce the risk of massive fines. All these require the leadership strategy and vision to make them happen - but don't spend too long deliberating over it!

If you think Lean Operations only work in Manufacturing, then you could be in for a pleasant surprise! Contact Jim Blenkinsop at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to find out how you can make really significant improves to your organisational effectiveness.