Running a company is a permanent juggling act

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 92%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

What is the right course of action may vary at different times, and in different industries

teem with guides that promise to teach executives the secrets of success. Read this tome, follow this philosophy, change your habits and you, too, can be a management titan. As a moment’s reflection on business history demonstrates, there is no sure-fire route to glory. Instead, running a company is a permanent exercise in juggling trade-offs. .

The fashion for upscaling means that companies are encouraged to get their product to market as quickly as possible. The theory is that customers get a rough-and-ready prototype at the start, which is improved over time. This may work for smartphone apps, which are easy to update, but not for most other products, where a reputation for shoddiness may be impossible to shake off.

Another trade-off is between centralisation and delegation. Early Victorian businesses resembled the army: generals handing down instructions to non-commissioned officers who in turn directed the foot soldiers . This hierarchical structure was devised for a world in which employees were required to follow a clear set of instructions.

In the past 20 years or so management layers have been stripped away. A flat structure, with delegated decision-making, seemed more appropriate for a service-based economy. The idea of “agile” management, in which workers are frequently reassigned to multidisciplinary teams, is all the rage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's the best of both worlds to know when to commit and when to be flexible

Good characteristics for a parent too..jist my 2 cents...carry on.

Good decisions are good then. Thanks Who would have guessed?

Perfectly.

If Bartleby thinks the purchase of Nest was unrelated to Google’s core business, I suggest you read The Age of Surveillance Capitalism by shoshanazuboff

So is running a country. Unless, of course, YOU DON'T CARE.

And if a juggling company is running it's a permanent act

Fuck that

I’m gonna need the Krazy ex’s to juggle oranges with their hands behind their backs before this is over

…and fire your dead weight 😆😉

Being flexible and absorbant yo situational analysis and decision making accordingly is crucial

What about this judgement ? Sant Shri Asaram Bapu Ji always supported the judiciary in the legal process of this Fake Case.. but in result.. he got life time imprisonment without any proof.😪 31August_BlackDay

Very true.... If only more managers would read this (and actually take it to heart). Then again, good judgement isn't something that can necessarily be learned or taught (at least to everyone). Some people are perhaps too stuck in their ways.

It is and that is why it is so much fun.

👍

yeah exploiting wage laborers & keeping the profits for themselves, harrowing *moment of silence*

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump suggests companies complaining about tariffs are 'badly run and weak' with 'bad management'Hundreds of US companies testified before the Trump administration this year to push back against tariffs, which they said would hurt Americans. Probably. They pay board members lots to show up 4x/year. What’s that about? Don't worry Donny those companies won't be around long. You just go ahead collecting tariff taxes to pay for tax cuts for your friends. Our President is incompetent
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump complains that 'badly run' companies blame tariffs for economic problemsPresident Trump complains that 'badly run' companies are blaming tariffs for their problems, refusing to acknowledge how his trade wars with China and Europe have roiled the economy.
Source: latimes - 🏆 11. / 82 Read more »

Trump Blames Tariff Consequences on Companies Making “Excuses”As companies plead with the president to avoid driving up the prices of consumer goods, Trump has a new strategy—convince them bad outcomes are their own fault He should know. Casinos. Airline. Steaks. Vodka. University. And the farmers, asshole? Do you blame incredible agricultural practices for over producing soybeans and other commodities they were encouraged to grow for Chinese markets? So Farmers then. He's talking about America's farmers.
Source: VanityFair - 🏆 391. / 55 Read more »