The Need for the Entrepreneur Manager
Loading ...“Management is doing things right; leadership is doing the right things.” These are the words of the Guru of Management, Peter F Drucker.
In the current economic scenario managers and management is not enough, we need the entrepreneur manager and entrepreneurship in management.
In an earlier time when the industrial revolution started and till the dawn of the Knowledge economy, companies and organizations had a certain flexibility to carry out their activities. Evolving companies needed to have a Division of Work, Unity of command, Scalar Chain, Centralization, and Stability of Work Tenure amongst others as their Principles of Management.
In those times an organization was required to have a great leader and a strong management.
Globalization and the Knowledge economy have changed the playing field. Globalization ensures that product rationalization is not possible. Local issues need local solutions taking out centralization and bringing in de-centralization. The concept of multi-tasking has eroded the practice of Division of Work. We no longer talk of just vertical growth but lateral growth. Equity (Just Workplace) and Order (Social Order) have given way to ROI and the quarterly balance sheet.
Today’s world is a fast paced one where your product or service could be replicated and provided at a cheaper cost, in a time span which does not allow you to get full value for your intellectual property.
With such challenges companies need a radical re-look at their management practices.
In the words of Lyndon B Johnson “Doing what’s right isn’t the problem. It is knowing what’s right”
Companies today need leaders at all levels, not just at the top. These leaders / managers need to be an entrepreneur by nature. They need to have the ability to think out of the box and not be afraid to re-write the rules. Organizations need to inculcate an ability in their managers to be able to make use of opportunities when they arise, as not everything can be planned and anticipated about the future.
In an environment where obsolesce comes faster than innovation managers need to get out of thinking from a position of existing scenarios and need to be constantly learning, educating themselves and evolving.
We need today Managers who combine the skills of a classical manager with that of an entrepreneur. The manager with a combination of these skills is the Entrepreneur Manager.
Post Contributed by Sunil Mohal
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