pathway to sustainable long-term results is not to “manage by results” but to “manage by means”—to manage the concrete human activities from which financial results only emanate.
Ilham Mehraliyevцитує7 років тому
fallacy of misplaced concreteness”
Ilham Mehraliyevцитує7 років тому
One interesting result is that none of the faculty bothers to claim to understand (or research) the firm as a whole.
Ilham Mehraliyevцитує7 років тому
In time, this teaching contributed to the modern obsession in business with ‘looking good’ by the numbers,” he writes, “no matter what damage [it] does to the underlying system of relationships that sustain any human organization.”
Ilham Mehraliyevцитує7 років тому
it always gets complicated at the intersection of profit maximization and sound judgment.
Ilham Mehraliyevцитує7 років тому
Porter’s view of strategy is analytic and reductive in nature, whereas true insight comes through synthesis.
Ilham Mehraliyevцитує7 років тому
Subsequent studies have also shown that company-specific characteristics, not industry-specific ones, are more powerful determinants of sustainable excess profits.
Ilham Mehraliyevцитує7 років тому
For decades, McKinsey & Company suffered from a similar emphasis on the former to the exclusion of the latter—on thinking as opposed to doing.
Ilham Mehraliyevцитує7 років тому
Michael Porter took IO, turned it upside down, and called it strategy.