Great Management

Great Management - cannot form the basis of a great company...

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Great Managers
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Level 5 Self-effacing Blend of personal humility and professional will Concerned with the health of the organization even after they leave Window/mirror
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First Who…then What Get right people on the bus then set vision and strategy Get the wrong people off the bus then figure out where to drive People are not your most important asset; the RIGHT people are Get the right ones on the bus AND in the right seats
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Confront the Brutal Facts Paradox: Confront the Brutal facts BUT never lose faith Maintain unwavering faith that you can and will prevail in the end regardless of the difficulties, AND have the discipline to confront the most brutal facts
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Hedgehog Concept Simplicity within the 3 circles Must transcend competence If you cannot be the best in the world at your core business, then your core business
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Unformatted text preview: cannot form the basis of a great company Culture of Discipline When you have disciplined people, you don’t need hierarchy When you have disciplined thought, you don’t need bureaucracy When you have disciplined action, you don’t need excessive controls When you combine a culture of discipline with an ethic of entrepreneurship, you get greatness Technology Never use technology as the primary means of igniting transformation However, DO use technology in an innovative manner Technology itself is never the root cause of greatness or decline flywheel Greatness comes from relentless pushing forward in small steps until the process gains momentum NEVER comes from some kind of “killer app” or from one fell swoop type action...
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This note was uploaded on 10/13/2010 for the course BUS 101 taught by Professor Romans during the Spring '06 term at Loyola New Orleans.

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Great Management - cannot form the basis of a great company...

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