“In the past the man has been first; in the future the system must be first.”-Frederick W. Taylor
“Management is the most important invention of the XX century. Nothing, not the combustion engine, not the steam turbine, was as important. Because without management, none of those other things are affordable.”-Gary Hamel, management thinker
The average lifespan of an S&P 500 company:
1920 –67 years
2013 –15 years! (source: Richard Foster, Yale University)
Out of the 1,000 biggest companies in the US in 2003, almost 70% were not on the list in 2013!
“It is not the strongestof the species that survives, nor the most intelligent, but the onemost responsive to change.”
Charles Darwin, Author of “The Origin of Species”
”Tomorrow’s profitabilitydepends on today’s evolvability.”-Gary Hamel, management thinker
“Nostalgia isn't a business model.”
John NaughtonSenior Research Fellow at Cambridgeand technology columnist
Tax in England based on number of pages introduced in 1715, and abolished in 1855!
Why do hotels rarely, if ever, reach out and tell their guests they left something in the room?
Hotels were afraid to call the homes of male travelers whose wives may or may not have known they were at the hotel!
Doctors' bad handwriting kills more than 7,000 peoplein the US annually!
90% of the doctors have access to computers<10% use e-medical records or e-prescriptions
Today’s companies: -21st-century business processes-mid-20th-century management processes-19th-century management principles!
“Most of what we call management consists of making it difficult for people to get their jobs done.” Peter Drucker, management thinker
“Taylor, though the Isaac Newton (or perhaps the Archimedes) of the science of work, laid only first foundations, however. Not much has been added to them since -even though he has been dead all of 60 years.”-Peter Drucker, management thinker, 1974.
The word “Management” comes from the Italian “manegio/manegiare“ and French “menége” –“to handle, to train (horses)”