Ch 8: Storm in the boardroom ( ( (Peter Drucker: "Managing needs to…
Ch 8: Storm in the boardroom
Peter Drucker: "Managing needs to be organized in a way that normal humans can do it"
Books on leadership usually contradicts on how a leader should lead
The mind of the practiotioner
Negative roles of bosses:
Evil capitalists: make money at any means
Boring people: suited men with tedious work
Modern entrepreneurs are "cool"
Public sector: hungry for the type of management of the private sector: efficient.
Percy Barnevik: "Everybody agrees on what is good for an organization, from empowerment to decentralization, but the tricky part os put it into practice.
The success of some bosses lie in their specific nontransferable abilities or business skills.
Separation of theory from practice in management theory.
MT has done little to help bosses in their jobs
The leadership thing
Too many definitions of leadership: They say so little.
Modern boss is not supposed to be bossy.
Not as many layers of management btw top and bttm
Bosses were happy with the system of Sloan, had firm rules and a threefold job: set strategy, design management structure and install effective controls.
New freedom meant freedom to criticize the boss.
Hard to let people come up with new ideas but give a common purpose.
Nature vs Nuture
Bosses more on leadership than managerial
Differences by Warren Bennis:
Manager maintains, leader develops
Manager focus on structure and processes, leader in people
Manager relies on control, leader inspires trust
A company must be visibly burning its platform to get change.
Change depends more on the state of the company that on the boss' character.
Vision is crucial to change a company
Transactional vs Transformational leadership
Management structures don't cultivate the experience of failure.
Production of overworked bosses
Unaccountable, sexist, and under Siege
Drucker: "A company degenerates into mediocrity if its management is not accountable"
Shareholders at the gate
Boards became more corrupted. A solution: force the board to represent the shareholders' interest.
A question of ethics
Problems with ethic from a MT:
No on is against ethics
Gap btw what people say and what people do
A stakeholders thing
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Geeko vs Reich
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