Vadim Kotelnikov    

New Management Model

for the New Knowledge Economy of Rampant Change and Rapid Globalization

   

Vadim Kotelnikov, founder of 1000ventures - personal logo   Business e-Coach  

 

"Good management cannot compensate for a lack of vitality." – Jean-René Fourtou, Chairman of Rhône-Poulenc

 

 

New Management Model New Management Model New Economy: Key Features Management - the Traditional Model Managerial Leadership Classic Manager's Functions Planning Decentralization and Delegation Measurement and Control Effective Leadership Coaching Corproate Vision, Mission, and Strategies New People Partnership Inspiring People Employee Empowerment Free Ten3 Business e-Coach at 1000ventures.com Ten3 Business e-Coach: why, what, and how New Management Model - Management and Leadership

 
 

NEW MANAGEMENT MODEL (Ten3 Mini-course)

Management Challenges for the 21st Century

By Peter Drucker12

  1. A systematic and organized method for obtaining information about the context of the business in the economy, its market and its pool of competitors.

  2. Integration of what was once several procedures – value analysis, process analysis, quality management and costing – into a single analysis.

12 Effective Leadership Roles

  • Empower people; delegates authority; be open to ideas; have faith in the creativity of others... More

Organizational & Management Evolution

Three Stages7

  1. Bureaucratic Organization: established the principles of traditional management

  2. Complex Organization: achieved higher levels of  performance by explicitly violating the traditional management practices

  3. Adaptive Organization: reinvents the principles of management in response to new economic realities. Responsibility and authority are reinvented and made consistent.

New Management Model vs. Traditional One1

Traditional Model

New Model

Managing Assets

Managing Resources and Capabilities

Built around assets

Built around capabilities

Focus on managing numbers

Focus on creating value

Hierarchical

Networked

Independent parts

Interdependent parts

Reactive

Responsive

Command and control

Empowered employees

Rationality and analysis

Intuition and analysis

Risk-averse blame culture

Encouraging radical ideas and risk-taking

 
 

 

25 Lessons from Jack Welch

Three Key Qualities of New Business Leaders

  1. To be bursting with energy

  2. To be able to develop and implement a vision

  3. To know and be able to spread enthusiasm like wildfire by firing up the entire company

The Tao of a Balanced Management

Benefits of Coaching14

  • Improving employee performance to an optimum level

  • Being a stronger, more productive company

  • Handling change easily and encouraging growth

  • Bringing out the very best in people and unlocking potential

 

 

Developing The Fast-Paced Flexible Culture

By: Michael Dell

  • Set a Common Goal. Mobilize your people around a common goal. Help them feel a part of something genuine, special, and important, and you'll inspire real passion and loyalty... More

Inspiring Culture: 5 Elements

 

 

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, energized 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

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

Leadership vs. Management

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.

Entrepreneurial Leadership

In the increasingly turbulent and competitive environment firms face today, a new type of "entrepreneurial" leader distinct from other behavioral forms of managerial leadership is required.

Entrepreneurial leadership is the primary force behind successful change. Entrepreneurial leaders discover emerging business opportunities and empower employees to act on the vision. They execute through inspiration and develop implementation capacity networks through a complex web of aligned relationships... More

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

Cultural Intelligence

Cultural Intelligence (CQ) – a new domain of intelligence that has immense relevance to the increasingly global and diverse workplace... 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 Download PowerPoint presentation, pdf e-book, 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 and employee performance management in their organizations...  More

NEW MANAGEMENT MODEL (Ten3 Mini-course)

 

 Discover much more in the

FULL VERSION of e-Coach

New Focus: Managing Business Enablers...

5 Key Questions To Which Managers Must Provide Coherent Answers...

New Ways of Working with People...

New Approaches to Employee Motivation...

Energizing Employees...

Working Within the Ambiguity...

Leading Knowledge Workers...

Volatility Leadership...

Winning Corporate Culture...

Empower Others...

Relentless Growth Attitude...

Energizing Employees...

The Fun Factor...

Five Manager's Mindsets...

Leading Systemic Innovation Teams...

Creative Leadership...

Systems Thinking...

Building Business Synergies...

Cross-functional Excellence...

Strategy Pyramid vs. Strategy Stretch...

 Case in Point  Lessons from Jack Welch...

 

   

 

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

  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

  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