Reinventing Management: Smarter Choices for Getting Work Done, Revised and Updated Edition - Hardcover

The economic crisis was not just caused by a failure of regulation or economic policy; it was a story of the failure of management in a fundamental sense a deeply flawed approach to management that encouraged bankers to pursue opportunities without regard for their long-term consequences, and to put their own interests ahead of those of their employers and their shareholders. The revised edition of this best-selling book shows convincingly that many of today s major economic problems in the west can be traced to a failure of management. In this updated edition the author draws our attention to new examples of failed management, from Rupert Murdoch s News Corp, and the disaster at BP, to the ongoing problems in financial services companies such as UBS and RBS. Throughout the book the references and statistics have been updated, to make this a current, highly relevant analysis of the problems besetting modern business and how managers need to tackle them.

Reinventing Management:

• argues that we need to recapture the essence of management: we need to start making smarter choices in how we get work done through other people. Management is a central driver of economic activity, and arguably even more important in today’s economic climate than ever.
• develops the concept of a firm’s Management Model: the deliberate choices made by top executives on four key dimensions: how they set objectives, motivate people, coordinate activities and make decisions. Too often companies subconsciously adopt the same Management Model as their competitors. But when developed carefully, a Management Model can become one of your key drivers of competitive advantage.
• helps you to make smarter choices in each of the four key dimensions of management. A traditional, hierarchical approach to decision making has its limitations, but so does tapping into the collective wisdom of your employees. The book explores the pros and cons of each set of choices, to help you develop a distinctive Management Model that can be become the basis for your firm’s long-term success.