Organize Dissent The effective decision-maker organizes dissent. Decisions of the kind the executive has to make are not made well…
Browsing: Wisdom
The Right Compromise “Half a loaf is better than no bread.” One has to start out with what is right…
Harmonize the Immediate Long-range Future A manager must, so to speak, keep his nose to the grindstone while lifting his…
[dropcap]P[/dropcap]URSUING PERFECTION “THE GODS CAN SEE THEM.” The greatest sculptor of ancient Greece, Phidias, around 440 bc made the statues…
[dropcap]C[/dropcap]ONTROLS FOR NONMEASURABLE EVENTS A BALANCE BETWEEN THE MEASURABLE AND THE NONMEASURABLE IS A CENTRAL AND CONSTANT PROBLEM OF MANAGEMENT.…
[dropcap]M[/dropcap]ANAGING ONESELF: REVOLUTION IN SOCIETY MANAGING ONESELF IS BASED ON THESE REALITIES: WORKERS ARE LIKELY TO OUTLIVE ORGANIZATIONS, AND THE…
[dropcap]B[/dropcap]ALANCE CONTINUITY AND CHANGE PRECISELY BECAUSE CHANGE IS A CONSTANT, THE FOUNDATIONS HAVE TO BE EXTRA STRONG. The more an…
[dropcap]T[/dropcap]HE INFANT NEW VENTURE BUSINESS ARE NOT PAID TO REFORM CUSTOMERS. Above all, the people who are running a new…
[dropcap]P[/dropcap]RACTICE COMES FIRST DECISION MAKERS NEED TO FACTOR INTO THEIR PRESENT DECISIONS THE “FUTURE THAT HAS ALREADY HAPPENED.” Decision makers…
[dropcap]P[/dropcap]RACTICE COMES FIRST DECISION MAKERS NEED TO FACTOR INTO THEIR PRESENT DECISIONS THE “FUTURE THAT HAS ALREADY HAPPENED.” Decision makers…
[dropcap]M[/dropcap]ANAGING ONESELF: WHAT TO CONTRIBUTE? SUCCESSFUL CAREERS ARE NOT THE PRODUCTS OF LUCK OR PLANNING; THEY ARE BUILT BY PEOPLE…
BUSINESS NOT FINANCIAL STRATEGY “THERE AIN’T NO BARGAINS,” AND “YOU GET AT MOST WHAT YOU PAY FOR.” Successful acquisitions are…
[dropcap]S[/dropcap]UCCESS ALWAYS CREATES NEW REALITIES ONLY THE FAIRY STORY ENDS “THEY LIVED HAPPILY EVER AFTER.” Success always obsoletes the very…
[dropcap]M[/dropcap]ANAGING ONESELF: IDENTIFY STRENGTHS IT TAKES FAR LESS ENERGY TO MOVE FROM FIRST-RATE PERFORMANCE TO EXCELLENCE THAN IT DOES TO…
[dropcap]H[/dropcap]ITTING THEM WHERE THEY AREN’T “HITTING THEM WHERE THEY AREN’T” OUTFLANKS THE BY CREATIVE IMITATION. Here, the innovator doesn’t create…
[dropcap]U[/dropcap]NREALIZED BUSINESS POTENTIAL “OPPORTUNITY IS WHERE YOU FIND IT,” NOT WHERE IT FINDS YOU. Luck, chance and catastrophe affect business…
[dropcap]M[/dropcap]ANAGING CASH IN THE NEW VENTURE THERE IS AN OLD BANKER’S RULE OF THUMB ACCORDING TO WHICH ONE ASSUMES THAT…
[dropcap]S[/dropcap]OCIAL INNOVATION: THE LAB WITHOUT WALL STEINMETZ’S TECHNOLOGY-DRIVEN SCIENCE IS ANATHEMA TO MANY ACADEMIC SCIENTISTS. Steinmetz’s innovation also led to…
[dropcap]T[/dropcap]UNNEL-VISION INNOVATION OFTEN A PRESCRIPTION DRUG DESIGNED FOR A SPECIFIC AILMENT SOMETIMES ENDS UP BEING USED FOR SOME OTHER QUITE…
[dropcap]M[/dropcap]ANAGING THE NEW VENTURE EVERY NEW PROJECT IS AN INFANT AND INFANTS BELONG IN THE NURSERY. Innovative efforts, especially those…
[dropcap]D[/dropcap]IVERSIFICATION SHOEMAKER, STICK TO YOUR LAST!” The old cliché is still sound advice. The less diverse a business, the more…
[dropcap]E[/dropcap]LIMINATING COST CENTERS WOULD THE ROOF CAVE IN IF WE STOPPED DOING THIS WORK ALTOGETHER? No matter how well a…
[dropcap]R[/dropcap]ESPECT FOR THE BUSINESS AND ITS VALUES THE ACQUISITION MUST BE A “TEMPERAMENTAL FIT.” No acquisition works unless the people…
[dropcap]I[/dropcap]N INNOVATION, EMPHASIZE THE BIG IDEA INNOVATIVE IDEAS ARE LIKE FROGS’ EGGS: OF A THOUSAND HATCHED, ONLY ONE OR TWO…
[dropcap]T[/dropcap]EST OF INNOVATION MEASURE INNOVATIONS BY WHAT THEY CONTRIBUTE TO MARKET AND CUSTOMER. The test of an innovation is whether…
[dropcap]D[/dropcap]EFINING BUSINESS PURPOSE AND MISSION: THE CUSTOMER WHO IS THE CUSTOMER? “Who is the customer?” is the first and the…
[dropcap]B[/dropcap]ALANCING THREE CORPORATE DIMENSIONS SHAREHOLDER SOVEREIGNTY IS BOUND TO FLOUNDER. IT IS A FAIR-WEATHER MODEL. An important task for top…
[dropcap]L[/dropcap]EGITIMACY OF THE CORPORATION UNLESS THE POWER IN THE CORPORATION CAN BE ORGANIZED ON AN ACCEPTED PRINCIPLE OF LEGITIMACY, IT…
[dropcap]M[/dropcap]ANAGEMENT AND ECONOMIC DEVELOPMENT IT CAN BE SAID THAT THERE ARE NO “UNDERDEVELOPED COUNTRIES.” THERE ARE ONLY “UNDER MANAGED” ONES.…
[dropcap]N[/dropcap]EED FOR A HARMONY OF INTERESTS THE DEMAND OF HARMONY DOES NOT MEAN THAT SOCIETY SHOULD ABANDON ITS RIGHT TO…
[dropcap]D[/dropcap]EMANDS ON POLITICAL LEADERSHIP BEWARE CHARISMA. Charisma is “hot” today. There is an enormous amount of talk about it, and…
[dropcap]R[/dropcap]OLE OF THE BYSTANDAR THE BYSTANDER SEES THINGS NEITHER ACTOR NOR AUDIENCE NOTICES. Bystanders have no history of their own.…
[dropcap]M[/dropcap]ODERN ORGANIZATION MUST BE A DESTABILIZER ONLY A SOCIETY IN DYNAMIC DISEQUILIBRIUM HAS STABILITY AND COHESION. Society, community, and family…
[dropcap]T[/dropcap]HE TRANSNATIONAL COMPANY SUCCESSFUL TRANSNATIONAL COMPANIES SEE THEMSELVES AS SEPARATE, NON NATIONAL ENTITIES. Most companies doing international business today are…
[dropcap]K[/dropcap]NOWLEDGE AND TECHNOLOGY THE NEW TECHNOLOGY EMBRACES AND FEEDS OFF THE ENTIRE ARRAY OF HUMAN KNOWLEDGE’S. The search for knowledge,…
[dropcap]F[/dropcap]ACE REALITY EXPLOIT THE NEW REALITIES. Today’s new realities fit neither the assumption of the Left not those of the…
[dropcap]A[/dropcap] SOCIAL ECOLOGIST FOR ME THE TENSION BETWEEN THE NEED FOR CONTINUITY AND THE NEED FOR INNOVATION AND CHANGE WAS…
[dropcap]F[/dropcap]EEDBACK: KEY TO CONTINUOUS LEARNING TO KNOW ONE’S STRENGTHS, TO KNOW HOW TO IMPROVE THEM, AND TO KNOW WHAT ONE…
[dropcap]M[/dropcap]ANAGING ONESELF: REVOLUTION IN SOCIETY MANAGING ONESELF IS BASED ON THESE REALITIES: WORKERS ARE LIKELY TO OUTLIVE ORGANIZATIONS, AND THE…
[dropcap]S[/dropcap]OCIETY OF PERFORMING ORGANIZATION “BY THEIR FRUITS YE SHALL KNOW THEM.” Society in all developed countries has become a society…
[dropcap]T[/dropcap]HE FUNCTION OF MANAGEMENT IS TO PRODUCE RESULTS ABOVE ALL MANAGEMENT IS RESPONSIBLE FOR PRODUCING RESULTS. Management has to give…
[dropcap]O[/dropcap]RGANIZATIONAL INERTIA ALL ORGANIZATIONS NEED A DISCIPLINE THAT MAKES THEM FACE UP TO REALITY. All organizations need to know that…
[dropcap]L[/dropcap]IMITS OF SOCIAL RESPONSIBILITY “IT IS NOT ENOUGH FOR BUSINESS TO DO WELL; IT MUST ALSO DO GOOD.” BUT IN…
[dropcap]P[/dropcap]ROVIDE NEW TOP MANAGEMENT THE BUSINESS THESE PEOPLE SELL IS THEIR “CHILD.” Within a year or so, the acquiring company…
[dropcap]C[/dropcap]OMMON CORE OF UNITY THERE HAS TO BE A “COMMON CULTURE” OR AT LEAST A “CULTURAL AFFINITY.” Successful diversification by…
[dropcap]B[/dropcap]USINESS NOT FINANCIAL STRATEGY “THERE AIN’T NO BARGAINS,” AND “YOU GET AT MOST WHAT YOU PAY FOR,” Successful acquisitions are…
[dropcap]R[/dropcap]ESOURCE-ALLOCATION DECISIONS THE ALLOCATION OF CAPITAL AND PEOPLE DETERMINE WHETHER THE ORGANIZATION WILL DO WELL OR POORLY. The allocation of…
[dropcap]E[/dropcap]VA AS A PRODUCTIVITY MEASURE UNTIL A BUSINESS RETURNS A PROFIT THAT IS GREATER THAN ITS COST OF CAPITAL, IT…