Warren Buffett and Secrets of Management - 52
When making an observation about bubble markets, Buffett commented that when there is a bubble market there are then the creation of bubble companies.
What's a bubble company? Something created for the purpose of making money off of investors rather than making money for them.
By extension, think of that with managment of a bubble company. When a company is made to take, that type of management style and purpose filters throughout an organization. Being a company of takers rather than givers will eventually result in disaster.
We have that same old garbage happening again in the Internet space. Companies are starting up like spring grass all over the place copying YouTube (GOOG) and MySpace (NWS), built for the sole purpose of making money off of the people that are backing them. The result of starting something like that is that everything is built to last long enough to be bought out. Very few rarely are.
A bubble manager will respond in the same way. Whether they work for a bubble company or not isn't the issue, but managing in a way of only taking rather than primarily giving.
Someone that takes is always a short-term thinker, in and out of relationships (personally and professionally), untrustworthy and has difficulty building anything that will last.
Not only is that type of manager a disaster for a company, but they pass all of that on to the workers as well - making it even twice as bad.
The best way to fight this is to think of what is best for others rather than yourself. When you do that, all the things you want to accomplish will come to you as well.
Other Buffett Resources:
Investment Whiz Kid: Buffett Amasses a Fortune
Management Styles - The Buffett Way: Learn from the maestro himself
Brand names Commodity companies
THE REAL GENIUS OF WARREN BUFFETT
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