What Management Is: How It Works and Why It’s Everyone’s Business

What Management Is, by former Harvard Business Review editors Joan Magretta and Nan Stone, identifies management as the driving force behind key innovations of the past century and presents a jargon-free look at the way its core principles work. Designed to promote “managerial literacy” up and down the business food chain, as well as among those who simply “want better communities and a better world … [ Read more ]

The challenge of investor marketing

A growing headache for many executives is how to achieve a fair market valuation for their company. Success in courting shareholders requires the same professionalism as in other parts of the business.

Peter Schwartz

In a knowledge economy, am I measured by ideas per minute? That’s silly. It makes perfect sense to measure a field worker in bushels per hour, but in the emerging network economy, the measurement problem has become profound. We are not driving our economy very intelligently on the basis of a real-world set of measures. They’re way off the mark. People are saying, look, we’re … [ Read more ]

Trash The Budget

The annual budget cycle is out of synch with the real-time world of business.

Creating Value Through E.V.A.- Myth or Reality

“Economic value added” has received a great deal of attention as a management tool. It is effective, but are all E.V. A.’s alike? And how do companies employ the technique to achieve their goals?

Editor’s Note: I found the value creation grid to be especially insightful…

Michael Dell

CEO of Dell; article surrounding his selection as Chief Executive of the year by Chief Executive magazine…

The Myth of CEO Accountability

When the day is done, very few CEOs and boards are involved in the chicanery, deception, stock manipulation, insider trading, and other misdeeds that have given American corporate governance a black eye. Truly, there will always be a few bad apples, but even the best and the brightest can be caught off guard. While there is no perfect system, it is indeed possible to make … [ Read more ]

Arthur Levitt

Former SEC chairman

Guiding Growth: How Vision Keeps Companies on Course

Corporate “vision” is one of management theory’s less coherent concepts, and this ambitious study attempts to make it a little clearer. Lipton, a management professor and founder of an eponymous consulting firm, argues that growing companies require a vision-a “precise idea of their raison d’etre, strategy and values” that is both inspiring and concrete enough to guide action. His aim herein is to give readers … [ Read more ]

Henry Mintzberg

Basically my objection is that MBA programs claim to be creating managers and they are not. The MBA is really about business, which would be fine except that people leave these programs thinking they’ve been trained to do management. I think every MBA should have a skull and crossbones stamped on their forehead and underneath should be written: “Warning: not prepared to manage”.

And the … [ Read more ]

Solzhenitsyn

A society that has no rules is abhorrent, but a society that only stays within the letter of the law is not much better.

Stelios Haji-Ioannou

Stelios Haji-Ioannou was born into a Greek shipping fortune; his father, Loucas, built a company called Troodos Shipping into one of the world’s largest maritime empires. Haji-Ioannou — now known throughout Europe simply as Stelios — is no longer CEO of Troodos. Instead, he presides over a populist, Internet-driven mini-empire based in London and called, ironically, EasyGroup.

Aligning Action and Values

“Executives spend too much time drafting, wordsmithing, and redrafting vision statements, mission statements, values statements, purpose statements, aspiration statements, and so on. They spend nowhere near enough time trying to align their organizations with the values and visions already in place.”

Business Process Outsourcing Big Bang: Creating Value in an Expanding Universe

Business Process Outsourcing (BPO) once had a clear place in the executive’s toolkit-it was used to achieve cost savings in transaction-intensive, back office business processes. That’s all changed. BPO is emerging as a flexible and powerful approach that business leaders can use to achieve a wide range of tactical and strategic aims. A new piece of thought leadership, published in conjunction with Accenture’s Institute for … [ Read more ]

Michael Bloomberg

Founder and CEO, Bloomberg L.P. (note that this interview took place years before he became mayor of NYC)

Two Major Errors That Companies Make In Outsourcing Services

When companies outsource back-office services overseas, one of the biggest challenges they face is measuring the results. Failure to monitor whether work is being performed correctly after it moves outside a company can result in massive and costly errors. How can companies protect themselves against such risks? Ravi Aron, co-director with Jitendra Singh of a recent Wharton executive education program on business-process outsourcing, offers some … [ Read more ]

Andy Grove

chairman and former CEO of Intel