All Party Parliamentary Group on Management

I attended the Chartered Management Institute meeting last night and these are the soundbites I took away -

Lord Eatwell - President of Queens College Cambridge - Economic advisor

Issues we face now are because of failure of management and leadership
No one stood up to the management of the banks
None of the RBS or HBOS management were qualified bankers. No ACIB
Fall in exchange rate caused by £350bn of foreign funds in our banking system having left this country. This represents one third of GDP
A place at Cambridge for a foreign student is now 50% of a place at Harvard, used to be 2/3rds
There will be a redistribution of talent, maybe engineers rather than financial engineers?
Cash injections could lead to quite serious inflation. However there is queue to buy govt. bonds. Printing money is when bonds are issued but them held by the authorities themselves.

3i – Patrick Dunne - Director - Communications

3 things to look for on talent, when you are choosing people to run new businesses

1 – Judgment. On people and commercial situations
2 – Interpersonal skills
3 – Antennae – to put your finger on the key issues

Ruth Spellman – CEO - CIMgt

Attitude and personality are as important as skills
Who has had training in risk?not many people
There is a rebirth in apprentices