Wednesday, June 29, 2016

"Why everything you know about management is wrong"

Great article from Simon Caulkin.  Here is a flavour:

"Not a day passes without some fresh underlining of Baum’s message (and it’s not just the US): fraud at FIFA, in athletics and in tennis; Tesco exploiting suppliers; Sports Direct exploiting employees; charities (for God’s sake) exploiting donors; yet more bank penalties (up to a global $150bn since the financial crisis and counting); Libor fallout; Kids’ Company; and VW.

There is, of course, a link between all these organisations. Their misfortunes were made by the people who work in them.

They were manmade, or, to be clearer, management-made"

N.B.  Mark Baum is the character based on a real-life investor, in The Big Short, the 2015 film adaptation of Michael Lewis’s  unpicking of 2008’s global financial crisis. Baum is a capitalist investor, not a revolutionary.

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