Betsy Morris, Fortune senior writer wrote a couple of months ago about what she believes are the changing management strategy of the current marketplace. She used Jack Welch and his way of managing versus what she thinks needs to be a new way of doing it. Here's her list in comparison to Jack's list:
New Rules vs. Old Rules
1 Agile is best; being big can bite you or Big dogs own the street.
2 Find a niche, create something new or Be No. 1 or No. 2 in your market.
3 The customer is king or Shareholders rule.
4 Look out, not in or Be lean and mean.
5 Hire passionate people or Rank your players; go with the A's.
6 Hire a courageous CEO or Hire a charismatic CEO.
7 Admire my soul or Admire my might.
When I see this my immediate thought is we must separate between public and private companies immediately. While it can sound nice to say some things like the customer is king against the shareholders rule mentality; there are certain things one must do in a public company versus a private one. Private companies have much more leeway than public ones.
Also when I look at the list, I see that many of the things aren't either or; but both. For example, the fourth rule of "Look out, not in" being contrasted with "Be lean and mean," doesn't make sense to me. Any healthy company should do both to the best of their ability.
The same with the CEO cotrast. It's not like if you're a courageous CEO you can't be a charismatic one either.
What are your thoughts on the assumption that these are new rules versus old rules?
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