Modern Management:

New Business Model

New Management Model

for the New Knowledge Economy of Rampant Change and Rapid Globalization

Why New Management Model?

The old traditional ways of managing not longer work and will never work again. The old management practice has been erected on the assumption of human limitations as a basis for organizing. "This assumption is so pervasive that it can be found in almost every aspect of conventional managing, from the way we over-bureaucratize our organizations and control the workforce to the way we develop and impose strategies on others without their participation or consideration of their potential contribution."³

In the new knowledge-driven economy, people have become your firm's most precious and underutilized resource. They are your firm's repository of knowledge and they are central to your company's competitive advantage. Well coached, and highly motivated people are critical to the development and execution of strategies, especially in today's faster-paced, more perplexing world, where top management alone can no longer assure your firm's competitiveness. At all levels, your company needs people who can deliver at the frontier of performance. They must understand where your company is going and be able to influence this path. They must share in your company's fortunes and be motivated to push for greater achievements.

12 Breakthrough Ideas for the New Economy

Source: Harvard Economic Review Executive summary by Anastasia Bibikova.

The best ideas related to the practice of management. If you know somebody has used them, don’t try to repeat. Simply consider them, debate them and let them inspire your own thinking!...

2. Monopoly on Creativity: What is nowadays’ key economic resource? It was proved that only creative people can “reach the moon” and make the company flourish... More

Leadership – the New Managerial Task

In the new era of rapid changes and knowledge-based enterprises, managerial work becomes increasingly a leadership task. Leadership is the primary force behind successful change. Leaders empower employees to act on the vision.

They execute through inspiration and develop implementation capacity networks through a complex web of aligned relationships.

Leadership-Management Synergy

To maximize your long-term success you should strive to be both a manager and a leader and to synergize their functions. Merely possessing management skills is no longer sufficient for success as an executive in today's business world. You need to understand the differences between managing and leading and know how to integrate the two roles to achieve organizational success... More

Inspirational Leadership: 10 Roles

Inspirational leaders create an inspiring culture within their organization. They supply a shared vision and inspire people to achieve more than they may ever have dreamed possible. They are able to articulate a shared vision in a way that inspires others to act.

People do what they have to do for a manager, they do their best for an inspirational leader... More

Coaching

Effective managers need to coach. Bearing in mind the fast pace of business today and the need to stay competitive, it's essential that managers should be effective. They need to be especially effective with their people and this requires learning to coach. For most managers, coaching has been added to their role anyway, but the majority haven't received any training in coaching skills. More than 80% of organizations use coaching to develop their staff, but only a fifth train their managers in coaching, according to a survey by the Work Foundation... More

Systems Thinking

Systems thinking, the ability to see things holistically, including the many different types or relationships between the many elements in a complex system, characterizes many of the today's world's  leading executives. Systems thinking "focuses on the whole, not the parts, of a complex system. It concentrates on the interfaces and boundaries of components, on their connections and arrangement, on the potential for holistic systems to achieve results that are greater than the sum of the parts. Mastering systems thinking means overcoming the major obstacles to building the process-managed enterprise - for every business process is a whole system."¹³... More

NLP and the Modern Manager

Neuro-Linguistic Programming (NLP) is the psychology of excellence and the technology of achievement and success. In new era of rapid change, systemic innovation, knowledge enterprises, employee empowerment and creative teamwork, an increasing number of executives shift emphasis from classic control-based managerial practices to managing the web of relationships in their organizations.

They realize that it is their expertise in building and maintaining harmonic relationships between workers and managers, between employees and customers that makes the difference and helps their companies to achieve sustainable growth. If you wish to be a new manager, you must understand that your art of working with other people is the most important one you should master, and your capability of influencing others and motivating them to achieve corporate goals is the most important manager's talent.

References:

1. The Centerless Corporation, Bruce A.Pasternack and Albert. J. Viscio

2. Building Tomorrow's Company, Philip Sadler

3. MegaChange, William F. Joyce

4. Relentless Growth, Christopher Meyer

5. Performance Management, Phil Baguley

6. Leading on the Edge off Chaos, Emmet C. Murphy and Mark A. Murphy

7. MegaChange, William E. Joyce, 1999

8. Jack Welch and the GE Way, Robert Slater

9. The Welch Way, Jeffrey A. Krames

10. Jack Welch quoted in Washington Post, March 23, 1997

11. How To Motivate Every Employee, Anne Bruce, 2003

12. Management Challenges for the 21st Century, Peter Drucker

13. Adapted from characterization used by GE Capital

14. Effective Managers Need To Coach, Wendy Hearn

15. "Smart Corporate Leader," Vadim Kotelnikov

16. "Smart Business Architect," Vadim Kotelnikov

17. "Modern Manager," Vadim Kotelnikov

18. "Effective Leadership," Vadim Kotelnikov

19. "Innovation," Vadim Kotelnikov

20. "Entrepreneurial Creativity," Vadim Kotelnikov

21. "Systemic Innovation," Vadim Kotelnikov

22. "Innovation-friendly Organization," Vadim Kotelnikov

23. "The Jazz of Innovation," Vadim Kotelnikov

24. "Business BLISS," Vadim Kotelnikov

 

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