Industry management comfortably clings to a number of convenient, but ill-justified, statements and beliefs that greatly affect the current efficiency of operations. These Teddy Bears are also restricting the opportunities to advance operations via the deployment of advancing technologies and associated business processes. Nonetheless, railroads, suppliers, and regulators alike embrace them partially due to a combination of traditional practices and a lack of understanding of the technical & financial issues. Most importantly, however, it is the lack of executive management directives along with the proper resources that prevents the development of pragmatic, achievable strategic technology plans in sync with strategic business plans for the railroads, both individually and collectively.
I’m creating a new category of post dedicated specifically to Teddy Bears. Interspersed with my regular posts on strategic railroading, these posts will be dedicated to exposing “Teddy Bears” in the railroad industry. Hopefully, discussion on the topic will be the beginning of the end for these ill-conceived fallacies.
Stand by for the first “Teddy Bear” post, coming soon.