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Not the biggest, or the last recall: U.S. Fines General Motors $35 Million for Lapses on Ignition-Switch Defect

Not the biggest, or the last recall: U.S. Fines General Motors $35 Million for Lapses on Ignition-Switch Defect | Tecolote Research | Scoop.it

Federal regulators report GM has agreed to change its internal review process after a flaw linked to 13 deaths and a vast recall.

   

Excerpts:

G.M. agreed to make “significant and wide-ranging internal changes to its review of safety-related issues in the United States, and to improve its ability to take into account the possible consequences of potential safety-related defects.”

      

The faulty ignition switch, in Chevrolet Cobalts, Saturn Ions and other cars, was prone to turn off if it was jostled or weighed down, shutting the engine, and disabling the air bags and power-assisted systems like steering and brakes. G.M. has linked the defect to 13 deaths and 32 crashes.

   

 

“...Today’s announcement puts all manufacturers on notice that they will be held accountable if they fail to quickly report and address safety-related defects,” Transportation Secretary Anthony Foxx said.

 

Also, three (3) trust-related posts by Deb on REVELN:

 

3 Success Factors for High Performance Teams, and What Gets In the Way

     

Teamwork can also be the “secret sauce” that defines successful organizations.  Our systems for supporting high performance and leadership in teams and in entire organizations have not kept up with the times. 

     

Change Leaders: Why Should Anyone Trust Your Vision? John Kotter & Harvard Business Review

     

John Kotter’s highlights of some common assumptions about how leaders approach change.    Change, Ethics, Trust & Timing for your Talent Management Decisions

    

Hewitt's report features how plans on paper don’t translate to reality in the workplace when it comes to recruiting, developing and retaining talent. 
Via Deb Nystrom, REVELN
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Deb Nystrom, REVELN's curator insight, May 16, 2014 12:28 PM

From the article and New York Times video:  There are 30,000 parts in the average car.  This GM problem was due to a 90 cent ignition switch.  The GM recall involved 2.6 million cars.   This recall doesn't even crack the top 10 in history.


_____________
    

The Ford Pinto was called, "the BBQ that seats 4."  

_____________


The Ford Pinto, a 1978 recall, is one of the best known, with a damaging brand impact lasting for years.  The Pinto was called, "the BBQ that seats 4."  Recently,Toyota, was lambasted for covering up a sticking accelerator pedal problem, featuring evidence of how they mislead the public and failed to report the problem in a timely way.


From the Times, "...As bad as they [the recalls] sound" and from me, the mistakes are varied and useful for understanding the complexities of big organizations.  That deaths occur is tragic, very tragic.  For this reason alone, it is yet another important cautionary tale about complex systems, yet simpler fixes:


1) clear the way to communicate with your customers and regulators,


and


2) don't mess around with anything that can damage public trust in your big business.   ~  Deb

Rescooped by Tamkin Amin from Knowmads, Infocology of the future
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From human extinction to super intelligence, two futurists explain

From human extinction to super intelligence, two futurists explain | Tecolote Research | Scoop.it

What do you think poses the greatest threat to humanity?

Sandberg: Natural risks are far smaller than human-caused risks. The typical mammalian species lasts for a few million years, which means that extinction risk is on the order of one in a million per year. Just looking at nuclear war, where we have had at least one close call in 69 years (the Cuban Missile Crisis) gives a risk of many times higher. Of course, nuclear war might not be 100% extinction causing, but even if we agree it has just 10% or 1% chance, it is still way above the natural extinction rate.

Nuclear war is still the biggest direct threat, but I expect biotechnology-related threats to increase in the near future (cheap DNA synthesis, big databases of pathogens, at least some crazies and misanthropes). Further along the line nanotechnology (not grey goo, but “smart poisons” and superfast arms races) and artificial intelligence might be really risky.

The core problem is a lot of overconfidence. When people are overconfident they make more stupid decisions, ignore countervailing evidence and set up policies that increase risk. So in a sense the greatest threat is human stupidity.


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Rescooped by Tamkin Amin from Oil and Gas daily
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What Ukraine Needs Is An American-Style Shale Gas Revolution

What Ukraine Needs Is An American-Style Shale Gas Revolution | Tecolote Research | Scoop.it
Hopefully Chevron and Shell can find enough shale gas in Ukraine to pull it out from under Putin's thumb.

Via Fidan Aliyeva
Tamkin Amin's insight:

This is an interesting article.

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Fidan Aliyeva's curator insight, March 10, 2014 9:17 AM

"..Natural gas was the origin of the crisis in Ukraine. The country serves as a transit point for about 6 billion cubic feet per day of Russia’s natgas exports into Europe. That’s about 2.2 trillion cubic feet per year, or 14% of Europe’s total"..

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CERAWEEK-Bakken producer: US oil export ban could squeeze production - Reuters

CERAWEEK-Bakken producer: US oil export ban could squeeze production - Reuters | Tecolote Research | Scoop.it


CERAWEEK-Bakken producer: US oil export ban could squeeze production. The impact of production growth with only very limited access to global markets under the ban will keep crude prices depressed.

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Women CEOs and the Glass Precipice: New Research on Why

Women CEOs and the Glass Precipice:  New Research on Why | Tecolote Research | Scoop.it

Carly Fiorina, forced out. A MERE 5% of the chief executives of the world’s biggest companies are women. And they are more likely to be sacked than their more numerous male colleagues: 38% of the female CEOs who left their jobs over the past ten years were forced to go, compared with 27% of the men. 
     
In the Strategy& study, the clumsy new name for Booz & Company, 35% of female CEOs are hired from outside the company, compared with just 22% of male ones.

Outsiders generally have a higher chance of being kicked out, Generate lower returns to shareholdersOutsiders are less likely to have a support network of friends who can rally around when times get tough. 
     

Carly Fiorina, dropped as HP’s boss in 2005, made things worse by inviting such publicity. But the same is not true of, say, Ginni Rometty, the lower-profile boss of IBM (promoted from within the company in 2012), who is under fire over the firm’s performance.

 

Related tools & posts by Deb:

 

Stay in touch with Best of the Best news, taken from Deb's  NINE multi-gold award winning curation streams from @Deb Nystrom, REVELN delivered once a month via email, available for free here,via REVELN Tools.

 

Change, Innovators, Creativity and Community, Will it Blend?    

                   

Gender Peer Group Power: The Chicken & Egg in Women Modeling Math & Science Careers

              

9 Facts about Baby Boomer Women & Business Leadership



Via Deb Nystrom, REVELN
Tamkin Amin's insight:

hmmm... I find this interesting.

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Deb Nystrom, REVELN's curator insight, May 6, 2014 9:11 AM

This is a useful gender perspective on leadership development and, as the article concludes, a call to action on 1) developing the leadership pipeline for female future CEOs,  2) helping to prevent raiding because of scarce supply, (and it's counterproductive anyway, the research suggests) and 3) increasing success by having more women to promote from within.  ~  Deb

Deb Nystrom, REVELN's curator insight, May 6, 2014 9:17 AM

The change leader implication, as described in the article, is the call to action on 1) developing the leadership pipeline for female future CEOs,  2) helping diminish raiding due to scarce supply, which tends to be counterproductive for women's careers anyway, and 3) increasing success by having more women available to promote from within.  ~ Deb


Also posted to Careers and Self-Aware Strength.

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SDSC assists in whole-genome sequencing analysis under ...

SDSC assists in whole-genome sequencing analysis under ... | Tecolote Research | Scoop.it
A recent whole-genome sequencing (WGS) analysis project supported by the San Diego Supercomputer Center (SDSC) at the University of California, San Diego has demonstrated the effectiveness of innovative applications ...
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How India can meet its challenges in oil & gas space?

CNBC-TV18's Shereen Bhan sat down with Banmali Agrawala, President and CEO-South Asia, GE; Vipul Tuli, Director, McKinsey & Company; SC Tripathi, Former Oil ...
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