PAST, PRESENT AND FUTURE - LINKED INEXTRICABLY TO EACH OTHER

PAST, PRESENT AND FUTURE

LINKED INEXTRICABLY TO EACH OTHER

It is very common to encounter  the following wisdom: live the present moment, what has been has been and no one knows what will happen in the future. There is a lot wisdom in this idea, albeit it may be impossible for us as human beings to obey that wisdom in our life. In fact, it might be even awfull if we would only live in the present moment - no memories, no future; or what an earth that wisdom might actually mean. The wisdom of living in the present moment can also be challenged on the ground that past, present and future link inextricably to each other. It may be that past, present and future are more the same phenomenon than separate entities.

As a person who has studied accounting and T accounts I shy away of proceeding into very deep philosophical discussion about time and life (and probably the philosophy on its part shy away from me). However, I try say something about the concepts of past, present and future and how those concepts relate to the organizational life. This is very, very fascinating.

Let us start by exploring how those concepts are inextricably linked. I would propose that no organization knows exactly how good it is, where it is and what it can achieve. Instead people within organization tell stories and through those stories these matters are somehow settled, not in very exhaustive and straighforward way but at least to some extend. This also tells why stories are extremely important. Through stories we understand who we are, what we have echieved and what we may be able to do in the future.

Hence to some extend our action is based on stories, through stories we have created an understanding what we have done, where we are now and what we can try in the future. We create an conception what avenues and goals are within our reach.

At the same time the above said reveals the inextricable linkage between past, present and future. In order to know where we are now at the present moment we have to examine and interpret our past and also look in the future. The present situation has different taste if we think that future is bleak or full of extremely promising opportunities. And when we look to the future our understanding of our past and present will affect what we consider possible to try and achieve in the future.

Could it be that our stories about our past and present could for example hinder us to see some avenues to proceed? Certainly. On the basis of our understanding what we have been able to do in the past we may not even consider some options which at least in principle could be within our reach. What we may give up because of our stories? What we do not even see because our stories do not sensitise us to look that kind of opportunities? What new possibilities we might detect if we changed our stories?

Stories are powerfull tools in organizational life. So, will you tell the same old story in your next meeting? In case you decide to modify your story, do you think that you are still true to yourself? Good stories are not lies, they do not lead us to troubled waters, instead they help us to succeed in the future. And in case you have not been that active in storytelling front should you reconsider your position. Your stories could be worth of gold.

How to make more money - should it be the topic in Universities

How to make more money

- should it be the topic in Universities

Do not worry this is not about the big QE (quantitative easing). Instead I will ask how any organization could make more money and in particular how this topic could be approached. Also I will focus this blog so that the role of the University is central. That will mean that I will reflect how Univiersities have approached the question of making more money.


It is interesting to notice that Universities have a very special approach to the world. For instance it can be claimed that selling is a topic which has not been that interesting from the University's point of view, whereas marketing is seen as more appropriate realm for research and teaching. Similarly it might sound a bit odd if someone's major topic in the University would be "money making", whereas, for inctance accounting and other business disciplines are highly appreciated.

What is wrong in: making more money? Why it has failed to receive a prestigious position as a disciple? It is nevertheless an issue which extremely important in our world. Any organization (also probably any country or network of countries) which wish to exist has to make more money than what it uses (at least in the long or on the very, very long run).

So there must be something seriously wrong in "making more money". And there actually is something which must be discussed immediately. Namely no organization is likely to get more money just because it wants more or because it needs more. There must be something which justifies it's request to get more. Organization must produce something which is considered valuable and when organization wish to get more money it must produce something even more valuable and/or use less resources in preparing it's offering.

Does this mean that here we have a simple and all-encompassing answer to the question that why making more money is not a central discipline in Universities? As such the burning wish to get more money is empty idea, so there would be nothing to study? I am not certain that we can brush this question aside so easily. This is because unavoidably the issue of money is part of everything. There is the money side in every action and in every inaction.

Why then the making money is somehow a silent partner in everything? For instance, when we talk about marketing, strategy, leadership or any other discipline there is always the money side, and it is very important element when we estimate whether something make sense or not. An improved strategy is something which helps the organization to make more money in the future. And it is most important to understand as clearly as possible how that particular improved strategy really can to increasy positive money flow in the future. It can be claimed that also leadership is about money, or at least that there is also the money side which is present here as it is in everything. For instance, it is hard to imagine that for example improved coaching capability would mean that organisation has set its course for loosing more money? On the other hand it would be most interesting to study and understand how some changes in leadership thinking and style in any organization affects to the capability of that particular organization to make money. What are the complex reciprocal prosesses which lead in to some results?

So should it be that whenever something is discussed, researhed or lectured also the money side should be on display as clearly as possible. This is because the money side is so crucially important and it is the real element in this world. New fancy things, theories and systems can be developed and organizations may become interested in adopting and using them, but is it wise to use them, what are the consequences? How the money side will develop when something is done, that could be the central research topic for the University.

Hence, Universities in particular should be astute in discussing and even in finding out what is the money side of actions taken in organizations? So whenever something is discussed, be it a theoretical framework or some business case, that discussion should include examinination from the the perspective of money.

So what could be more scientific than an elaborate discussion about money?

Above a view which caught my attention when I was writing this blog.  So, some food for thought with a joking angle: In case balance sheet is in this condition, which side is assets and which is liabilities?