Can Management Get Us Out Of The Economic Mess It Has Created?
By Steve Denning – “The reason why the economy is screwed up is because of management. This contagion on short-term focus and a failure to invest in long-term competitiveness.”
The focus on shareholder value also tended to make firms inward looking. It led to a focus on what’s good for the firm. This way of managing has difficulty with innovation and it’s not very agile, which is a real problem in a dynamic marketplace.
Management in the traditional economy is becoming steadily more efficient but it’s less and less able to capture the gains of its efficiencies. In fact, it’s getting harder and harder to make profits by managing in this way. more> http://tinyurl.com/qhstm2w
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