SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!
Need Help? Email [email protected]
  • LOGIN

E-SPIN Group

CONTACT US / GET A QUOTE
  • No products in cart.
  • HOME
  • PROFILE
    • Corporate Profile
    • About us
    • Customer Overview
    • Case Studies
    • Investor Relations
    • Procurement
  • GLOBAL THEMES
    • Artificial Intelligence (AI)
    • Big Data
    • Blockchain
    • Cloud Computing
    • Cognitive Computing
    • Cyber Security
    • DevSecOps
    • Digital Transformation (DT)
    • Modern Workplace
    • Internet of Things (IoT)
    • Quantum Computing
    • More theme and feature topics
  • SOLUTIONS
    • Application Lifecycle Management (ALM), DevSecOps/VSM, Application Security
      • Application Security
      • DevSecOps
      • Digital Forensics
      • Secure Development
    • Cybersecurity, Governance Risk Compliance (GRC) and Resiliency
      • Governance, Risk Management and Compliance (GRC)
      • Malware Analysis and Reverse Engineering
      • Security Information & Event Management (SIEM)
      • Security Configuration Management (SCM)
      • Threat, Risk and Vulnerability Management
      • Penetration Testing and Ethical Hacking
    • Modern Infrastructure, NetOps
      • Network Performance Monitoring and Diagnostics (NPMD)
      • IT Operations Management (ITOM)
      • Network Operation (NetOps)
      • Network Management System (NMS)
    • Modern Workspace & Future of Work
      • Digital Workspace
      • End User Computing (EUC)
      • Securing Hybrid Workforce
      • Unified Endpoint Management (UEM)
      • User Activity Monitoring (UAM)
  • INDUSTRIES
    • Aerospace & Defense
    • Automotive
    • Banking & Financial Markets
    • Chemical & Petroleum
    • Commercial and Professional Services
    • Construction & Real Estate
    • Consumer Products
    • Education
    • Electronics
    • Energy & Utilities
    • Food & Beverage
    • Information Technology
    • Insurance
    • Healthcare
    • Goverment
    • Telecommunications
    • Transportation
    • Travel
    • Manufacturing
    • Media & Entertainment
    • Mining & Natural Resources
    • Life Sciences
    • Retail
  • PRODUCTS
    • Hidden Menu
      • Brand Overview
      • Services Overview
      • E-SPIN Product Line Card
      • E-SPIN Ecosystem World Solution Portfolio Overview
      • GitLab (DevOps, DevSecOps, VSM)
      • Hex-Rays (IDA Pro, Hex-Rays Decompiler)
      • Immunity (Canvas, Silica, Innuendo)
      • Parasoft (automated software testing, AppSec)
      • Tenable (Enterprise Vulnerability Management)
      • Veracode (Application Security Testing)
    • Cybersecurity, App Lifecycle, AppSec Management
      • Cerbero Labs (Cerbero Suite)
      • Core Security (Core Impact, Cobalt Strike)
      • HCL (AppScan, BigFix)
      • Invicti (Acunetix, Netsparker)
      • ImmuniWeb
      • UBsecure (Vex)
      • Portswigger (Burp Suite Pro, Burp Suite Enterprise)
      • Titania (Nipper Studio)
      • TSFactory (User Activity Monitoring)
    • Infrastructure, Network, Wireless, Cloud Management
      • Metageek (Wi-Spy, Chanalyzer, Eye P.A.)
      • Progress (WhatsUp Gold, WS_FTP, MOVEit MFT)
      • Paessler
      • Solarwinds (IT Management)
      • TamoSoft (wireless site survey)
      • Visiwave (wireless site survey, traffic analysis)
      • VMware (Virtualization, cloud mgt, Digital Workspace)
    • Platform products
      • Adobe (Digital Media Creation)
      • Micro Focus
      • Microsoft
      • Red Hat (Enterprise Linux, OpenStack, OpenShift, Ansible,JBoss)
      • SecHard
      • SUSE (Enterprise Linux, Rancher)
      • Show All The Brands and Products (Full)
  • e-STORE
    • e-STORE
    • eSTORE Guide
    • SUPPORT
  • CAREERS
    • Culture, Values and CSR
    • How We Hire
    • Job Openings
  • BLOG / NEWS
    • Blogs and News
    • Resources Library
    • Calendar of Events
  • CONTACT
  • Home
  • Global Themes and Feature Topics
  • Sri Lanka bankrupt and domino to fall
0
E-SPIN
Friday, 15 July 2022 / Published in Global Themes and Feature Topics, Industries

Sri Lanka bankrupt and domino to fall

Sri Lanka is not the incident, it is the outcome of the poor debt management for the said government along the years and accumulated and accelerated by the COVID-19 pandemic and Russia-Ukraine conflict. If you read carefully, it is the first domino to fall, and we can expect to see the rest most likely join the fall, and where proactive intervention is required to prevent the financial crisis becoming global scale.

Just like the corporation and enterprise that fell during the period, it was due to similar context, poor management, one in the enterprise level, one in the country management level. The principle for sound management regardless of context remains the same, the business or economic or math sense, read from the figure, revenue and expenses, and the risk for debt if it can not be controlled. Surprise to said so, most of the person in charge (PIC) who make the debt decision, do not has the proper and sound business management background, they are either placement in the position due to political decision, not really based on the merit, background and experience capable to perform the right roles and responsibilities. As such, how can you expect the said government to not fall? Like a personal individual who does not have the economic and math sense, it will fall into an over debt trap, it is the same for the business enterprise, and to the country. 

As you do a quick scan, Sri Lanka most likely be the first, and more will follow as you can read from their public debt ratio and practically once the said country can not repay back whatever loan they take, it will reach the same destiny, to fall. Sri Lanka is just the recent mirror and example.

Most of the country who being elected to rule the country, for those who are fail to staffing with the right people and give them the authority to execute the right things to do, or even worse, staffing with the wrong people do not even fit, it the result of fail to get the right things do right in the first place. This is the reason why, regardless of business enterprise or government, strong and competent leadership, you either possess it or you don’t, it will reflect via the team surrounding you. Great leaders make accomplishment and achievement is not by luck, it is the result of them getting the right things to be right. Great leader is one who is confident and capable and willing to pick and use others who are better than them to do the job and provide full support. If you come across when the leader is doing things in the reverse manner, you may expect it to matter for the time for big problems to pop up in the near future.

With the short term for this 2 years where in the global recession and most of the global fund will be sucking into US due to high interest rate interplay for US government attempt to combat inflation, we will expect for the coming of new era where we will notice for more country that fail as result of the wrong decision they are made, no one to be blame.

In a 1989 published business book by Michael Porter, The Competitive Advantage of Nations, or well known as Michael Porter’s Diamond Model (or Theory of National Competitive Advantage of Industries), the framework talks about identifying and focusing on certain industries within a particular nation to be competitive internationally. Porter argues that any company’s ability to compete in the international arena is based mainly on an interrelated set of location advantages that certain industries in different nations possess, namely: Firm Strategy, Structure and Rivalry; Factor Conditions; Demand Conditions; and Related and Supporting Industries. Despite it and other related business classics already in the market for so many years, it seems a lot of political leaders fail to even be the reader, and fail to help the nation to develop competitive advantage for the nation. And the even worst is borrowing huge amounts of debt for the wrong reason and resulting in the situation they are trapped in today. Foreign direct investment (FDI) will go into the country and make business sense for those multinational corporations under the macro-environment analysis. Is Sri Lanka the current government knowing about their own strengths and what they should do to attract FDI? From the result it seems nope at the time.

E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel.  Feel free to contact E-SPIN for your project requirement and inquiry.

Related post that may interest you:

  1. Next normal outlook from global competitiveness report
  2. Pandemic will continue but COVID-19 ends
  3. From the war to recession and what next
  4. Post-pandemic restructuring to survive in Next normal
  5. The effects of a US recession on the world
Tagged under: Competitiveness, Next Normal

What you can read next

Trends disrupting the Application Security Testing Market
Digital Smell Technology: Revolutionizing Gaming and Beyond
Network Forensics Sources Investigate
Network Forensics Sources Investigate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • The Future of Work: Embracing the Potential of Generative AI and Robotics

    The potential for generative AI to revolutioniz...
  • DevOps Platform – GitLab 15 Releases and Updates

    GitLab is evolving, where constant research are...
  • The Role of AI and Robotics in the 2023 Global Financial Crisis and Its Likely Outcome

    The 2023 Global Financial Crisis has already be...
  • Identity and Access Management (IAM) in Securing Digital Identities and Beyond

    The complexity in securing digital identities h...
  • 5 Things Your ISMS Needs to Be Effective

    IGA solutions in providing better security and governance in the age of digital transformation

    Digital transformation has become a big buzzwor...

Recent Comments

  • JEAN ARIANE H. EVANGELISTA on E-SPIN Wishes all Filipino Araw ng Kagitingan 2022
  • Ira Camille Arellano on E-SPIN Wishes all Filipino Araw ng Kagitingan 2022
  • NKIRU OKEKE on Top 5 Challenges in the Consumer Products Industry
  • Md Abul Quashem on Types of Online Banking or E-Banking
  • Atalay marie on What is Cybersecurity Mesh ?

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • March 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • January 2015
  • December 2014
  • October 2014
  • September 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • February 2012
  • July 2011
  • June 2011

Categories

  • Acunetix
  • Adobe
  • Aerospace and Defence
  • AppSec Labs
  • Automotive
  • Banking and Financial Markets
  • Brand
  • Case Studies
  • Cerbero Labs
  • Chemical and petroleum
  • Codified Security
  • Commercial and Professional Services
  • Construction and Real Estate
  • Consumer products
  • Contact Us
  • Core Impact
  • Core Security
  • DBeaver
  • DefenseCode
  • DSquare Security
  • DSquare Security
  • E-Lock
  • Education
  • Electronics
  • Energy and utilities
  • Excelledia
  • FAQ
  • Food and Beverage (F&B)
  • GFI
  • GitLab
  • Global Themes and Feature Topics
  • Government
  • HCL
  • Healthcare
  • Hex-Rays
  • IBM
  • Immunity
  • ImmuniWeb
  • Industries
  • Information Technology
  • Insurance
  • Invicti
  • Ipswitch
  • Isorobot
  • JetBrains
  • Job
  • Life Science
  • LiveAction
  • Magnet forensics
  • Manufacturing
  • McAfee
  • Media and Entertainment
  • Metageek
  • Micro Focus
  • Microsoft
  • Mining and Natural Resources
  • Nessus
  • Netsparker
  • News
  • Nutanix
  • Paessler
  • Parasoft
  • PortSwigger
  • Pradeo
  • Product
  • Progress
  • Rapid7
  • RedHat
  • Retail
  • Retina
  • Riverbed
  • RSA
  • SecHard
  • Security Innovation
  • Security Roots
  • Services
  • SILICA
  • Soft Activity
  • SolarWinds
  • Solution
  • SUSE
  • Symantec
  • TamoSoft
  • Telecommunications
  • Tenable
  • Titania
  • Transportation
  • Travel
  • Trend Micro
  • Trustwave
  • TSFactory
  • UBsecure
  • Uncategorized
  • Vandyke
  • Veracode
  • Videos
  • VisiWave
  • VMware
  • Webinar Archive

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

CORPORATE

  • Profile
  • About us
  • Investor Relations
  • Procurement

SOLUTIONS & PRODUCTS

  • Industries
  • Solutions
  • Products
  • Brand Overview
  • Services
  • Case Studies

STORE & SUPPORT

  • Shop
  • Cart
  • Checkout
  • My Account
  • Support

PRODUCTS & SERVICES

  • Industries
  • Solutions
  • Products
  • Brand Overview
  • Services
  • Case Studies

FOLLOW US

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn
  • YouTube
  • WordPress Blog
© 2005 - 2022 E-SPIN Group of Companies | All rights reserved.
E-SPIN refers to the global organisation, and may refer to one or more of the member firms of E-SPIN Group of Companies, each of which is a separate legal entity.
  • Contact
  • Privacy
  • Terms of use
TOP