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During a long and illustrious career that is far from over (you can read all about one of his most recent ventures — building the most direct fiber-optic connection between Chicago and New York – in Chapter One of Michael Lewis’s new book ), Barksdale has become a big believer in the value of the folksy aphorism as management tool.
And since people ultimately make all the difference, your operating model should define how you manage the assignments and career paths for your difference-making talent. Are you focusing opex and capex on these priorities in order to build competitively differentiated capabilities? None of these are easy questions.
Career Bankers Alone Can’t Solve the Financial Industry’s Problems. And not very much capex , not very much innovation. This is better in the U.S. and Germany than in a lot of other countries, like the UK, France, Italy, and Japan, where the financial system is even more concentrated and less diverse. Further Reading.
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