Thursday, January 8, 2009

Satyam!

What the Satyam fiasco has proved is that there are bigger scams that can happen in bigger companies and the only thing that stops smaller entities from doing so is the scale of operation. It is so surprising to make fool of so many folks, unless it comes in the news in the coming days that it was a team that duped the shareholders. Waiting for 'confessions' ! There is a lot of buzz about following processes to ensure that we do not have a lapse in quality in our work. In many cases, it really holds true. Until you reach an unplanned failure mode. The term is used in many areas such as in sciences, engineering, and management. Although all of these are interconnected and similar, the amount of ambiguity is most in case of the managememt definition of a process.
In case of Satyam, there are multiple process failures, which makes it difficult to trace back the failure route!



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