Traditional management principles are no longer effective in today’s business climate, which demands creativity and entrepreneurship. Jules Goddard of the London Business School and Tony Eccles of the Case Business School explain how your organization can make the changes necessary to remain competitive. In this intelligent, penetrating study of corporate behavior and performance, the British authors identify pivotal problems plaguing businesses today and offer practical solutions for facilitating responsive organizational change and development. They argue that traditional management principles stifle innovation and free thinking, and that corporate leaders must empower their employees and encourage risk-taking. getAbstract recommends their forward-looking ideas to leaders facing the need for change.
In this summary, you will learn
- Why outdated traditional business principles are ineffective,
- Why the best strategies are often spontaneous or emerge as the result of trial and error, and
- How to engage your workforce in a democratic decision-making process.
About the Authors
Jules Goddard is a fellow of the London Business School’s Center for Management Development and an Academic Committee member at INSEAD’s Center for Executive Development. Tony Eccles is visiting professor of strategic management at Cass Business School, City University.
Comment on this summary
2 years agoIrecommend this to business leaders.
3 years agoBrilliant. I recommend this to business leaders.
3 years agoI recommend this summary to anyone and everyone that is a part of the business world, especially to executives that may not have time to read the whole book.