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Aug24
Do Crooks Do Due Diligence?

Do Crooks Do Due Diligence?

This is one of those ‘Are You Kidding?’ types of stories, and I didn’t know whether to laugh or cry.

A couple of crooks broke into a business, found some stuff to steal, and also found a safe. They then went looking for, and found a computer on the premises, went online, and found the information necessary to break into the safe! Obviously they did not do their due diligence beforehand, but they certainly did it when they had to.

The rest of the story is a real hoot. You can read it here.

We live in a society with more access to information than at any time in history. Anyone, even crooks, can find practically any piece of information at any time. Yet my take on this story is that it is also a reflection of the thousands, nay, hundreds of thousands, nay, millions of stories of people in business that clearly do not do their due diligence, on anything from purchasing from a new vendor without doing even the simplest due diligence, to acquiring a company without doing such critically important due diligence as building a post-acquisition cultural due diligence assessment.

Coming back full circle, in the end I laughed and cried over this story. Certainly these two crooks are hilarious, but when faced with a problem, they looked for an answer, found the answer, and solved their problem. How come so many honest people in business don't do the same?

Charles F. Bacon, CEO & Keeper of the Vision
charlesbacon (at) superdiligence (dot) com
Due Diligence, Inc.
www. superdiligence (dot) com

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