Useful Business Lessons can be found everywhere – Most recently from the Horsemeat Scandal

A thorough look at this situation based on available information reveals that there must have been flaws in the supply chain, poor risk management practices and elements of greed. These tendencies must be avoided if you wish to have sustainable growth in business. Note that the suppliers and retailers involved in this chain may end up losing more than they have gained from this scheme.

I am one who strongly believe that lifelong lessons that can be used for improving your business venture can be found in virtually every aspect of life. You just need to be a little more discerning and spot things differently. Sometimes, all you need to do is spot “order” out of a situation that is in complete “disorder”.

Before now, I have written two posts on business lessons from the US Republican Nomination race and the Football Pitch. Now, the Horse-meat scandal across Europe is another area to pick relevant lessons from, especially as the major actors are currently trading blames

The big question for me is:

  • What happened to quality assurance checks at the different points of exchange of these meat products?

If samples were tested from the original butchery through the points until they became meatballs, definitely these external elements (horse meat and pork) must have been detected somewhere along the chain. I am really amazed that this can happen in Europe. What happened to risk management practices along the overall chain?