Archive for the ‘Management’ Category
As I have noted previously, the world could do without most business books – certainly the ones written today. However, we can find considerable business wisdom in some of the business books of the past, and even in many non-business books. Given this situation, I find it valuable to review books written long ago. This post contains the first, but readers will see many more books of the past reviewed on Capitolism in the future.
Peter Drucker wrote Adventures of a Bystander in the late-1970s as a sort of memoir. He figures not as the main character, but usually as an observer of others. This explains the title, and, to a certain extent, his life as well. Mr. Drucker rarely managed in organizations himself, or took action, or made business decisions. He keenly observed others doing those actions, and reflected profoundly on their successes, mistakes and failures. He states as much early in the book: “Bystanders reflect – and reflection is a prism rather than a mirror.” Read the rest of this entry »
Bob Prosen makes some excellent observations about America’s top companies — whether we say they are the best companies to work for or the most admired. Culture matters. Communication matters. Management and coaching matter. Consistent treatment matters. Leadership follow-through on commitment matters. Raising the bar matters. Expecting high performance matters. Pressure-testing candidates’ fit with culture in the hiring process matters.
These seem like simple things. As concepts, they could not be simpler. But because of poor leadership, and people not adhering to principles in their behavior, organizations go awry.
Capitolism will have much more to say on this topic, throughout its writings.
While most management gurus trowel out sludge worth more in paper weight than in business insight, one man – often referred to as a guru – has claimed my respect and admiration, as he has those of many leaders, managers and businesspeople worldwide. Peter Drucker died four years ago, and his writings seem just as relevant today as when he wrote them. Read the rest of this entry »
Just off the Baltimore-Washington Parkway, on Route 198 in Laurel, sits a Chick-fil-A restaurant. From the outside, it appears just like any other fast food restaurant, but when you go inside, the differences become apparent. It’s the best fast food experience you’ve ever had. Read the rest of this entry »
Over the weekend, a friend asked me, ‘would you rather hire someone who has the exact skills you need or who would fit in well with the company?’ Of course, having both is preferred. But what if you really could only hire for one?
Let’s look at two potential candidates. Candidate H has average skills and experience – he could do the job competently – but seems like an excellent fit with the culture of the organization. Candidate E has exemplary skills and experience – far beyond what you’ve seen in other candidates – but the interviewers have some doubt as to how well he would fit into the culture. My argument is: hire H every time. Read the rest of this entry »
“The beginning of wisdom is the definition of terms.” Socrates
Seeing this quote today made me ponder the first lesson in managerial wisdom. What realization must a new manager make in order to begin maturing into an effective manager? It is this: the new manager must understand that the men and women in his charge have dreams, ambitions and goals which have nothing to do with their jobs or with him. Read the rest of this entry »
Sonny Jurgensen, the famed former quarterback of the Washington Redskins, recently said “Vince Lombardi was such a great coach because he simplified the game for everyone.” Lombardi must have made a quick and dramatic impression on Jurgensen; Lombardi coached him for only a year before he died of cancer prior to the 1970 season. Read the rest of this entry »