Industrial analysts are
alienated from the powerful giants on the top of a certain industry. Our main driving example is the garment industry of Nepal, where we do not hear of the professional industry analysts, but only know of the powerful giants, the factories that produce the garments, the international sellers etc. The first problem is the hierarchization of the industry, a
hierarchy which was established because to accommodate the
over-exuberant individuals and organizations who wanted to
participate in the successful industry, there needed to be positions
which were not only symbolic but also productive/functional.
Secondly, it is precisely as each of the positions became too
functional and therefore independent of other positions in the
hierarchy that there developed a communication gap. All
indications of sophistication when a financial organization defines
itself and defines its work are signs that that particular
organization suffers from a communication gap with other
organizations in the hierarchy of its industry. Such
“sophisticated organizations” believe themselves to be
independent of giants but are in fact isolated/alienated due to over-specialization. Industry analysts have neither the power nor the will to shape the industry through their organizations.
In a Lacanian sense, the
lowly analyst first occupies the
position of the symbol (such as the intelligible and therefore productive word) but then becomes the impotent 'sign' at the margins, where the sign is an economic organization/company which, despite its sophistication, does not have much of
an agency in determining the actions that take place in the wider
economy, for the sign is like a discarded made-up word in the universe of legitimate
language. Given this problem, the analyst's goal should be to articulate a sign which can function as a Freudian slip of the giant, or, to move one's
analysis company to that place where the giant's system of expert production can be broken up into parts by the intervention of
one's doing. The giant must be confronted, at its height/stature and during its most productive moments, by the lowly analyst displaying to it the mystery of the meaning/function of a made-up symbol, which is the Freudian slip, and this act of display will inspire in the giant productive curiosity about the workings of the lower places in the industrial hierarchy. As the unsettled giant then formulates knowledge on the lower placed companies in the industry in its attempt to understand the meaning of made-up "Freudian slip" positions, it becomes more familiar with the analysts and hence a communicative relationship can be developed for further work.
The fortunes of the lower
organizations, of which the analyst is an example here, rely on the
unknown whims of the giant. The bottom makes gains and losses in its
field because it does not know how the top will operate in its
respective field, but these gains and losses are attributed to
“complex markets” and “unpredictability” without asking if
major changes in the communications between the different parts of
the hierarchy could have made the industrial gains and losses more systematic. No actor
directly involved in the industry seems to be ready to address the
administrative difficulties of a communication gap, and the system seems to be left as it is. Of course,
mathematical data on the performance of the giant is published, and so
are media reports of the giant's announcements, but, the performance of
the giant itself is not dependent on a communicative relationship with
the organizations in the middle and the bottom, in other words, the
productivity of the communications between the top and the bottom is
too low. Communication is a side-effect of success rather than something leading to it.
With the media in crisis,
the communication problems between an industry giant and an
industry analyst are aggravated. The media and the giant are unable
to work together to deliver the right statement that answers the
queries of all actors involved; the media does not ask the right
questions and the giant does not reach a level of disclosure or
generalization in its statement to be understood by all industry
actors. In a Lacanian sense, the more shortened, prepared and performed a media
statement by the giant's leader or board, the more likely that there
will be no place for the Freudian slip to occur from the giant's
side, which is a problematic development. The Freudian slip, if the
giant allows to occur among its own human actors, would bring forth an
informality in relations between the giant and the analyst, thereby
allowing collective interests of both parties to overcome individual
selfish interests.
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