News & Blog

“Management is doing things right; leadership is doing the right things.” These are the words of the Guru of Management, Peter F Drucker.

The Entrepreneur Manager – Managepreneur

News & Blog

“Management is doing things right; leadership is doing the right things.” These are the words of the Guru of Management, Peter F Drucker.

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, which could do things right.

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.

With Digital Technology become central to businesses, Social media, connectivity and communication reducing response time, there is little scope for seeking support from chain of command. Further 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 do companies need stringent processes which muffle innovation? In such a scenario do companies need managers with the same thought processes? Or do they need a radically new approach with the manager having the ability of an Entrepreneur?

Typically an entrepreneur is understood to be a businessman, a person with the ability to take up an enterprise. He is a leader who can create and market new services or goods. We need today Managers who combine these skills in addition to classical abilities to do right things. The manager with a combination of these skills is the Entrepreneur Manager.

In the current economic scenario managers and management is not enough, we need the entrepreneur manager and entrepreneurship in management.

In the words of Lyndon B Johnson “Doing what’s right isn’t the problem. It is knowing what’s right”

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer / Acknowledgements

PMP, PMI, PMBOK, CAPM, PgMP, PfMP, ACP, PBA, RMP, SP, and OPM3 are registered marks of the Project Management Institute, Inc. ITIL® is a [registered] trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. IT Infrastructure Library is a [registered] trade mark of AXELOS Limited used, under permission of AXELOS Limited. All rights reserved. The Swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. PRINCE2® is a [registered] trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. MSP® is a [registered] trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. Certified ScrumMaster® (CSM) and Certified Scrum Trainer® (CST) are registered trademarks of SCRUM ALLIANCE® Professional Scrum Master is a registered trademark of Scrum.org The APMG-International Finance for Non-Financial Managers and Swirl Device logo is a trade mark of The APM Group Limited. The Open Group®, TOGAF® are trademarks of The Open Group. IIBA®, the IIBA® logo, BABOK® and Business Analysis Body of Knowledge® are registered trademarks owned by International Institute of Business Analysis. CBAP® is a registered certification mark owned by International Institute of Business Analysis. Certified Business Analysis Professional, EEP and the EEP logo are trademarks owned by International Institute of Business Analysis. COBIT® is a trademark of ISACA® registered in the United States and other countries. CISA® is a Registered Trade Mark of the Information Systems Audit and Control Association (ISACA) and the IT Governance Institute.

Legal Entity : GO4KNOWLEDGE DIGITAL PRIVATE LIMITED
CIN: U80904HR2019PTC081680