The End of Management – Wall Street Journal

Summary: The Wall Street Journal is calling for a dramatic shift in how business is managed Most corporations are designed for the industrial age, and thus not well suited for today’s competition Change is happening more quickly, and organizations must become more agile CEOs today are concerned about dealing with rapid, chronic change – and…

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Too big to fail? Overcoming size disadvantages – JPMorgan Chase

"The Need for Failure" is a recent Forbes article on why it is bad – really bad – to prop up failing institutions. The author is an esteemed economics professor at NYU. He says "too big to fail is dangerous.  It suggests there is an insurance policy that says, no matter how risky your behavior,…

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Now is the time for transformation says HBS prof – GM, newspapers, pharma

Readers of this blog know I've been very pessimistic about the future of GM for well over 2 years.  And I've long extolled the need to change top management.  I'm passing along some quotes from Professor Rosabeth Moss Kanter at the Harvard Business School in "Why Rick Wagoner Had to Go" at Harvard Business School…

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It Takes White Space to Transition – Tribune Corporation and HuffingtonPost.com

"This is the future of media.  Whether in print, over the air or online — the delivery mechanism isn't as important as the unique, rich nature of the content provided."  That's what the Tribune Corporation's COO, Randy Michaels, said in "Tribune Merges Conn. paper, stations" as reported on Crain's ChicagoBusiness.com.  After filing bankruptcy, and seeing both…

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Newspaper weaknesses – Quotes for NYT, Washington Post, LATimes, Chicago Tribune

"If you don't read the newspaper you are uninformed.  If you do read the newspaper you are misinformed."  — Mark Twain "All I know is what I read in the newspaper.  That makes me the most ignorant man alive."   —- Will Rogers What both these great writers understood was that when you get most of…

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Shifting Banking Market Requires New Strategy – JPMC, BofA, Citi, etc.

Clayton Christensen is a Harvard Business School professor who first described in detail how "disruptive" innovations shift markets, allowing upstart competitors to overtake existing companies that appear invulnerable.  I just found a 4 minute video clip "Clay Christensen's Advice for Jamie Dimon" at BigThink.com.  In this clip the famous professor tells the story about how…

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More of the same – problems – Dell Downgrade

Dell had a tough day Thursday when J.P.Morgan downgraded the stock to the equivalent of a sell (read article here).  The stock continues its relentless slide – despite the return of Mr. Dell as CEO (chart here).  Some quotes: "Our downgrade … focuses squarely on the potential that Dell's PC exposure..could force the company to…

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