“Management is doing things right; leadership is doing the right things.” These are the words of the Guru of Management, Peter F Drucker.
In an earlier time when the industrial revolution started and till the dawn of the Knowledge economy, companies and organizations had a certain flexibility to carry out their activities. Evolving companies needed to have a Division of Work, Unity of command, Scalar Chain, Centralization, and Stability of Work Tenure amongst others as their Principles of Management.
In those times an organization was required to have a great leader and a strong management, which could do things right.
Globalization and the Knowledge economy have changed the playing field. Globalization ensures that product rationalization is not possible. Local issues need local solutions taking out centralization and bringing in de-centralization. The concept of multi-tasking has eroded the practice of Division of Work. We no longer talk of just vertical growth but lateral growth. Equity (Just Workplace) and Order (Social Order) have given way to ROI and the quarterly balance sheet.
Today’s world is a fast paced one where your product or service could be replicated and provided at a cheaper cost, in a time span which does not allow you to get full value for your intellectual property.
With such challenges do companies need stringent processes which muffle innovation? In such a scenario do companies need managers with the same thought processes? Or do they need a radically new approach with the manager having the ability of an Entrepreneur?
Typically an entrepreneur is understood to be a businessman, a person with the ability to take up an enterprise. He is a leader who can create and market new services or goods. We need today Managers who combine these skills in addition to classical abilities to do right things. The manager with a combination of these skills is the Entrepreneur Manager.
In the current economic scenario managers and management is not enough, we need the entrepreneur manager and entrepreneurship in management.
In the words of Lyndon B Johnson “Doing what's right isn't the problem. It is knowing what's right”
The Entrepreneur Manager not only needs to do things right but also needs to know what’s right.
In an earlier time when the industrial revolution started and till the dawn of the Knowledge economy, companies and organizations had a certain flexibility to carry out their activities. Evolving companies needed to have a Division of Work, Unity of command, Scalar Chain, Centralization, and Stability of Work Tenure amongst others as their Principles of Management.
In those times an organization was required to have a great leader and a strong management, which could do things right.
Globalization and the Knowledge economy have changed the playing field. Globalization ensures that product rationalization is not possible. Local issues need local solutions taking out centralization and bringing in de-centralization. The concept of multi-tasking has eroded the practice of Division of Work. We no longer talk of just vertical growth but lateral growth. Equity (Just Workplace) and Order (Social Order) have given way to ROI and the quarterly balance sheet.
Today’s world is a fast paced one where your product or service could be replicated and provided at a cheaper cost, in a time span which does not allow you to get full value for your intellectual property.
With such challenges do companies need stringent processes which muffle innovation? In such a scenario do companies need managers with the same thought processes? Or do they need a radically new approach with the manager having the ability of an Entrepreneur?
Typically an entrepreneur is understood to be a businessman, a person with the ability to take up an enterprise. He is a leader who can create and market new services or goods. We need today Managers who combine these skills in addition to classical abilities to do right things. The manager with a combination of these skills is the Entrepreneur Manager.
In the current economic scenario managers and management is not enough, we need the entrepreneur manager and entrepreneurship in management.
In the words of Lyndon B Johnson “Doing what's right isn't the problem. It is knowing what's right”
The Entrepreneur Manager not only needs to do things right but also needs to know what’s right.
2 comments:
Sunil,
I saw your question on LinkedIN and reviewed your blog out of curiosity. Good stuff! I believe the notion of an Entrepreneur Manager is a concept that has arrived. In fact, as you point out, the dynamics of today’s workplace, one that is facing constant change and global competition requires a new breed of manager. I also think that there is very little guidance or information on this topic. I am a software manager and have started a blog. I have a variety of posts that explore my own role, which coincidently mirror the notion of Entrepreneur Manager. I’d be interested in your take. My management posts can be found at:
http://softwareresults.blogspot.com/search/label/Management.
Regards,
Dave Moran
I strongly agree with you. These are the desirable qualities of a manager with a global outlook. We see many young people recognized based on this yardstick. The persons who can get better ROI consistently over the year and ready for challenges, are considered superior managers irrespective of their profession. Which is basically what an entrepreneur works for?
"Entrepreneur Manager" is the right word to describe this new breed of managers.
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