The Golden Age Of Management Is Now Forbes It aspires to uplift the human spirit and unleash the creativity latent in every human being while also achieving more disciplined execution than traditional management.
Rick Self's insight:
As the nature of knowledge work evolves, management principles rooted in the industrial age are co-evolving. Synthesizing a trend in recent business literature, Forbes makes a case for ten shifts in how execution is done that are taking place as a "Creative Economy" takes hold. Each of these principles (summarized below) is discussed in this lengthy article.
1. From maximizing shareholder value to profitable customer delight. 2. From sustainable competitive advantage to continuous strategic adaptation. 3. From a pre-occupation with efficiency to co-creating value with stakeholders. 4. From uni-directional value chains to multi-directional value networks. 5. From steep hierarchies to shared responsibilities. 6. From control and bureaucracy to disciplined innovation. 7. From economic value to values that grow the firm. 8. From command to conversation. 9. From managing the machine to stewardship of stakeholders. 10. From episodic improvements to a paradigm shift in management.
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