Well! What leaped out at me this week? Mostly a desire to get on with doing rather than thinking I have to say. Regardless of that I feel I must push aside the personal grievances that interrupt my academic life and get down to the business of earning marks.
The Prince (Machiavelli) is a provocative piece of literature that in my mind asks the question about how to lead but doesn’t really answer it. The central premise of the article was that it is better to be feared than loved, but to avoid being hated. In my view this is a bit simplistic as there are situations where fear is more likely to induce the desired behaviours and other situations where being loved will work best. The “avoid being hated” part of the equation is, to my mind, a note to self to be fair in your dealings with everyone and not to punish or reward without justification. How will this influence my style of management going forward? I guess I have to be mindful of the situational conditions and adjust the management style to reflect what is going on and where I want things to be going. As Professor Ahn said, it is easier to get a follower to obey your command in a crisis situation if they know that you would have taken the time to listen to their opinion if time was available. The follower has an obligation to have an opinion and the leader has an obligation to listen to it and understand it, however the leader is the one who makes the decision in the end and the follower has to follow it, but knowing that the leader heard and took account of their opinion.
“Unite my avocation and my vocation, as my two eyes make one sight” Robert Frost.
I like that one! It’s a simple concept really; doing something you love for your job. This is something I have not done in my working career and it is something that I mean to remedy. How will I do this? Simple. I am taking a great deal of notice of my strengths and weaknesses statistics from Seligmen and my
The article by Manville & Ober is an interesting interpretation on the Athenian concept of citizenship. The Athenian model lead to better change management and the ability to adapt to change because of the way its processes allowed the appropriate expert to step up to the appropriate challenge. The system of allowing everyone time to participate in decision making and having a rota system for the leadership assured that a variety of viewpoints were obtained and lead to a balanced society with higher productivity, innovation and happiness than other monarchist models of the time. In fact the article explains how we actually have less democracy than the Athenians did, however this is balanced by the fact that we have emancipation and abolished slavery. What leapt out at me was the sense of ownership that citizens had, thus ensuring that they did try their best. In industries based on knowledge workers this is an important lesson because the current capitalist system does not reward the workers for their labours, the residual cash flows are always redirected back to the owners of the capital. My lesson from this is that to go some way to getting people to participate in your organisation above and beyond the call of duty, then ownership stakes are important to ensure that their capital is rewarded. After all, in knowledge based company the workers can leave at any moment and where is your capital then?
Finally, the case study of Magritek reinforces this idea that capital is not the money that you put in. In the case of venture capital companies it is the expertise that the partners can put into the company that makes the difference between success and failure. Initially I thought that a partnership with a technology based company of scale would help put them on the map and I was partially right. What they actually did was stick with the University funded model and get bigger so that they had a better bargaining position when they did start to draw in the VC firms. The outcome of all this is that I have decided that involvement with Venture Capital firms is a good way of getting out the career rut I find myself in, and probably provides the best possible opportunities for utilising the skills I have and becoming a real leader in business.