Management Is The Most Noble Of Professions

My Conclusion: Management Is The Most Noble Of Professions If It's Practiced Well. No Other Occupation Offers As Many Ways To Help Others Learn And Grow, Take Responsibility And Be Recognized For Achievement, And Contribute To The Success Of A Team.

How Could Digital's Collapse Be So Precipitous? It's Because, In Many Ways, Financial Performance Data Is Misleading. As You Move Up To The Top Of The Market, You're Getting Rid Of The Less Profitable Products At The Low End And Adding Business With More Attractive Margins At The High End. The Rate Of Unit Volume Growth Might Be Tapering Off As You Pursue These Smaller Markets, But Your Margins Actually Look Better. So Wall Street Rewards Your Stock Price Until You Hit The Ceiling.

Watching How Customers Actually Use A Product Provides Much More Reliable Information Than Can Be Gleaned From A Verbal Interview Or A Focus Group.

Many Think Of Management As Cutting Deals And Laying People Off And Hiring People And Buying And Selling Companies. That's Not Management, That's Deal Making. Management Is The Opportunity To Help People Become Better People. Practiced That Way, It's A Magnificent Profession.

The Transformation At The Corporate Level Was Achieved By Selling Off Business Units In Old Markets And By Creating New Business Units To Pursue The New Opportunities. But The Individual Business Units Themselves Within Those Transformed Corporations Were Almost Inert To Change.