Posts by Paul McNamara

Asset-Intensive operations have their own set of unique challenges when considering how they will be transformed for speed and cost competitiveness post-Covid-19. TRM is looking like an answer to CEOs who, emboldened by the initial adoption of collaboration tools made necessary by Covid-19, intend to accelerate broader changes required to drive speed and efficiency into…

Unless you plan to produce great results, you don’t have a chance at producing them.  They don’t happen by accident. The outcomes you aim at will specify what kinds of tools you will need and how you will need to use those tools.  The same tools can be used by two different people or people…

The Covid-19 pandemic has been a huge disruption, but if we are honest it has already shown us how unprepared we are to react to quickly changing events effectively.  This capability to adapt is a competitive necessity today with or without the pandemic.  To compete in the 4th Industrial Revolution requires resilience and speed and…

In the asset management game, most solutions are focused on technology often at the exclusion of the asset management team and their customers.  Just as the musician’s skill has a huge impact on the musical performance, such is also the case with asset management.  It doesn’t mean that tools aren’t important, they are, but by…

Our situation has changed meaning we now have new threats (the virus and getting sick) and new obligations (hygiene and physical distancing) required to help us take care of those threats. At the same time, none of the threats or obligations we had before have been relieved. Our organizations still must move with speed and…

Knowledge is power. If our knowledge is better than our competitors’ knowledge it gives us the power to win. If we work purposely at increasing our knowledge, and we succeed, our accomplishments or results increase as well. Outcomes or results are produced by people and teams who have the knowledge to produce them. Knowledge is…

Culture Can Keep Costs Low… when that culture is effective for dealing with the situations members of the culture confront on a daily basis. If the culture isn’t working costs are high.  When an effective culture is shared it is easier for them to trust each other and, as a result, lowers the cost of…

The Good Intentions Trap is Costly If achieving a big result looks too easy, it probably is and will probably be a costly venture.  It is a trap we are all vulnerable to when we don’t understand all of the underlying mechanics required to produce an outcome in a given set of circumstances. We are…

We are in a new age of competition that the World Economic Forum calls the 4th Industrial Revolution.  New tools and technologies are enabling people to fulfill new and more competitive intentions ramping competitive pressures on everyone to move with speed and efficiency or risk failure.  Incremental changes won’t work.  They simply won’t be enough…

Asset Management Metrics are very important to success.  I won’t say the most important though, because a number without a narrative that gives it meaning, relevance, and value might as well not exist. It won’t produce any change in direction or focus. If you don’t have a purpose, by definition they aren’t complete They are…