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I commented on a post on Evolving Excellence that Jim Jubak is a wall street guy who has good ideas. He has posted another good article: Firing workers isn’t fixing problems
Right. Wall street is not incapable of seeing past short term “thinking.” Even if many on wall street can’t seem to understand. I am far from convinced short term thinking is Wall Street’s fault, it seems to me many executives have this problem and blame “Wall Street.” I believe short term thinking is mainly management’s fault.
Short term thinking is part of the management system. Exorbinant executive pay exacerbates the problem. A failure to understand variation exacerbates the problem. Failure to understand systems exacerbates the problem. Job hoping by executives exacerbates the problem. And adopting lean thinking, Deming’s management methods etc. reduces the problem.
Related: Change is not Improvement - Curious Cat Investing and Economics Blog - Respect Employees - Dr. Deming’s Seven Deadly Diseases
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June 3rd, 2007 at 8:00 pm
Layoffs are a failure of management. If the company has not been executing a long term strategy to respect people and manage the system to continually improve, manage for the long term, working with suppliers… it might be they have created an impossibly failed organization that cannot succeed in its current form. And so yes it might be possible that layoffs are required…