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Frank Patrick's Focused Performance Business Blog
This Focused Performance Weblog started life as a "business management blog" containing links and commentary related primarily to organizational effectiveness with a "Theory of Constraints" perspective, but is in the process of evolving towards primary content on interactive and mobile marketing. Think of it as about Focusing marketing messages for enhanced Performance. If you are on an archive page, current postings are found here.

Sunday, July 27, 2003

Then - Y2K, Now - Sarbanes-Oxley -- This CNET article sees a "silver lining [for tech spending] in compliance" as companies paranoidly turn to technology to help them deal with the redundant requirements of Sarbanes-Oxley. I hope they learned the lesson of the last tech bubble associated with Y2K...that technology is, as Goldratt has eloquently written, "necessary but not sufficient." I think the article suggests it's a possibility for some firms...
"With multiple deadlines looming, many companies are getting out their checkbooks in search of a "silver bullet" solution. They want something they can implement quickly and inexpensively to restore confidence and ensure compliance with Section 404 and other mandates around real-time reporting and disclosure.

"However, the savviest companies are looking for the silver lining in compliance, not the silver bullet. They view Sarbanes-Oxley as the catalyst for systemic change and financial transformation, and are using the legislation as the lever to invest in new technologies that will strengthen their ability to execute on corporate goals as the economy recovers."
It's the processes, not the tools.

If there is a silver lining, it might at least partially be in the form of promulgation of effective, reliable project management that allows corporations to make promises they can keep.

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