On the other hand, in the corporate sector, sluggishness in exports and deterioration in business confidence have become apparent, reflecting the European debt problem and a slowdown in the Chinese economy.
Obviously, this will mean Senior Management devolving much of routine functions to the rank and file and concentrating on strategic functions. I also think we should introduce a system of rewards and sanctions for performing and under performing departments and functions. Naming and shaming under performing departments and functions could be a useful sanctioning tool.