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Tag Archives: Business Wisdom

Leadership & Business Wisdom

Leadership & Business Wisdom

Resource-allocation decisions The allocation of capital and people determine whether the organization will do well or poorly. The allocation of capital and performing people converts into action all that management knows about its business – they determine whether the organization …

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Leadership & Business Wisdom

Leadership & Business Wisdom

Rules for Staff People Unless staff people have proved themselves in operations, they will lack credibility among operating people and will be dismissed as “theoreticians.” Rules for staff people are just as important as rules for staff work. Don’t ever …

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Leadership & Business Wisdom

Leadership & Business Wisdom

FEDERAL DECENTRALIZATION: REQUIREMENTS As a minimum the unit must contribute a profit to the company rather than merely contribute to the profit of the company. Federal decentralization has stringent requirements. Federal decentralization is applicable only where a company can truly …

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Leadership & Business Wisdom

Leadership & Business Wisdom

THE FEDERAL PRINCIPLE Federalism relieves top management from operating duties and sets it free to devote itself to its proper functions. What the enterprise needs is a principle that gives both the center and the parts genuine managerial functions and …

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Leadership & Business Wisdom

Leadership & Business Wisdom

THE RIGHT ORGANIZATION The only things that evolve by themselves in an organization are disorder, friction, mal performance. The pioneers of management a century ago were right: organizational structure is needed. The modern enterprise needs organization. But the pioneers were …

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