Published on: Tuesday, August 24, 2010
Management Today is Outdated
Posted By: Robyn Greenspan
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Why have there been advances in virtually every technology invented in the last 100 years, yet management is woefully out of date? At the 2009 World Business Forum, where ExecuNet exclusively reported, strategist and innovator Gary Hamel asked the delegates, “Could technology management change in this century the way it changed in the last century? Almost all organizations are running on 19th century management systems.”
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“You won’t make change by benchmarking the Fortune 500,” Hamel said. “You have to challenge dogma, explore the fringe and experiment.”
Hamel challenged: “It’s your responsibility to put together the management process. What will it look like? How would the management model you come up with compare to the organization you work with now?”
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There was a book about small and fast eating the big and slow.
“It’s Not the Big That Eat the Small…It’s the Fast That Eat the Slow: How to Use Speed as a Competitive Tool in Business”
by Jason Jennings and Laurence Haughton
Clearly, the tax law is biased against non-government solutions to anything. Small business can’t lobby the Gooferment the way that “Big Business” can. Big Business gets: tax breaks from Gooferment in exchange for “campaign contributions” and other (possibly illegal) considerations, legal and regulatory protection that insulates it from competition ①; and political decisions on Gooferment contracts carved out for Big Business.
SOOOooo, how do the “little people” compete?
Size, speed, and ruthless fiscal discipline.
One has to admire the “movie studio” model. Resources come together for a project and depart when no longer needed. There is no eternal “organization” created.
Given that laws and regulations generally stop at a specific size, it will pay to stay under that size. (Interesting that large companies are studying how they can divide artificially to squeeze under the size requirement. So small geographic areas would be incorporated into “stand alone” entities that would then “contract” with other such entities for “services”. I’m sure that all the lawyers will get rich.)
That favors the small “movie studio” mentality.
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