anyone vaguely familiar with RJR-Nebisco drama understand that most of modern economic problem ARE caused by presence of Management rather than other way round.
The manager-Capitalism is a scandalous form of capitalism where managers become stock holder of the firm, and having day to day operational information of the business short-change the stock holder themselves e.g. in management buyout/leaveraged buyout/asset stripping (or so-called restructuring where a firm is separated from its useful highly valued laour force) and bringing back the same skeleton of firm to IPO market after lot of window dressing of accounts.
Sorry, but management is a dirty word. More so because hardly any manager takes a long term capital builging view of business but plays to the gallery of wall street know-alls.
Sansk - you dont have to be that cynical of management in general! I read through the article and you can see for yourself the before and after results! They were not just pretty pictures but from disorganized mess to some semblance of order! It did a great deal of good to the company in the end. Only thing I did not approve of was the condescension of the presenter about small Indian companies lacking any plans in their "management". There are simialr mom and pop operated companies here in the USA with exactly similar conditions.
Thanks to RAjiv for this article. I forwarded this to my Operations Management professor. He is planning to use it in his next class!
sansk, that's buccaneer capitalism, barbarians at the gates.
on the other hand, there's need for a) institutionalizing practices, b) providing leadership and vision, c) listening to ideas from the lower levels. these can lead to tremendous operational improvements, eg. toyota with its kanban/just in time.
your criticism about short-term views are mostly applicable to americans, not necessarily to japanese, and perhaps not even to indians.
there is a strong case for improving operational efficiency in india. we run some of the more inefficient operations in the world.
I agree that there is a need for ethical and efficiency oriented management in India, however, I do not see enough companies coming up. Even IT compnies like Satyam are now part of politico-black money-real estate mafia.
The recent remarks by Azim Premji about governance deficit strike at the core of problem. We have a culture of promoting psycophants and chappal-carriers like our esteemed pm.
the main problem is that institutionalised corruption and good ethical management do not go hand in hand.
And Toyota's current quality problem are a consequence of pressure (by wall street types) to cut costs, which after a limit led to loss of quality and business.
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Unconnected post:
Bill Clinton turns vegan:
http://www.youtube.com/watch?v=R3ied_AD4iE&feature=player_embedded
anyone vaguely familiar with RJR-Nebisco drama understand that most of modern economic problem ARE caused by presence of Management rather than other way round.
The manager-Capitalism is a scandalous form of capitalism where managers become stock holder of the firm, and having day to day operational information of the business short-change the stock holder themselves e.g. in management buyout/leaveraged buyout/asset stripping (or so-called restructuring where a firm is separated from its useful highly valued laour force) and bringing back the same skeleton of firm to IPO market after lot of window dressing of accounts.
Sorry, but management is a dirty word.
More so because hardly any manager takes a long term capital builging view of business but plays to the gallery of wall street know-alls.
Sansk - you dont have to be that cynical of management in general! I read through the article and you can see for yourself the before and after results! They were not just pretty pictures but from disorganized mess to some semblance of order! It did a great deal of good to the company in the end. Only thing I did not approve of was the condescension of the presenter about small Indian companies lacking any plans in their "management". There are simialr mom and pop operated companies here in the USA with exactly similar conditions.
Thanks to RAjiv for this article. I forwarded this to my Operations Management professor. He is planning to use it in his next class!
sansk, that's buccaneer capitalism, barbarians at the gates.
on the other hand, there's need for a) institutionalizing practices, b) providing leadership and vision, c) listening to ideas from the lower levels. these can lead to tremendous operational improvements, eg. toyota with its kanban/just in time.
your criticism about short-term views are mostly applicable to americans, not necessarily to japanese, and perhaps not even to indians.
there is a strong case for improving operational efficiency in india. we run some of the more inefficient operations in the world.
I agree that there is a need for ethical and efficiency oriented management in India, however, I do not see enough companies coming up. Even IT compnies like Satyam are now part of politico-black money-real estate mafia.
The recent remarks by Azim Premji about governance deficit strike at the core of problem. We have a culture of promoting psycophants and chappal-carriers like our esteemed pm.
the main problem is that institutionalised corruption and good ethical management do not go hand in hand.
And Toyota's current quality problem are a consequence of pressure (by wall street types) to cut costs, which after a limit led to loss of quality and business.
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