Brett Simmons asks: "Are you a spoon-fed leader?"
What does this mean to you? I am interested in your thoughts - please use the comment section!
Bryan Caplan: The Myth of the Rational Voter: Why Democracies Choose Bad Policies
Peter L. Bernstein: Against the Gods: The Remarkable Story of Risk
Clayton M. Christensen: The Innovator's Solution: Creating and Sustaining Successful Growth
Bruce Caldwell: Hayek's Challenge : An Intellectual Biography of F.A. Hayek
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So let's just say that a so-called spoon fed leader/manager uses the 5 dimensions very effectively to ensure that he has a clear vision. (to be a Fast Follower).
The virtues and talents easily align with his limited vision (so no gap perceived there).
The Knowledge Processes are precise and measurable and available.
Decision Rights are self guided because the first 3 dimensions are nailed down well, and even the Incentives help to enforce the vision and get the best out of those virtuous, talented people.
I'd say that with the vision being... flawed... for lack of a better term, there is a few key elements that is missing.
#1 missing element: Customer Focus.
"But our customers like the product that company A is giving them, so we ARE focused on the customer by giving them that same product!"
Perhaps, but is that who you have your eye on, or are you just keeping your eye on the competition? Not that you are trying to satisfy the needs of your competition, but that you are not focused on the actual Customer. Do you even know who the customer is?
#2: Change.
"Well, of course that makes sense."
Then it's a good thing I mentioned it; I'd hate to lose credibility. If you don't (creatively) destroy that product or service that competitor A is putting out, then they will innovate, and you won't know until it's too late that they changed course.
"Principled Entrepreneurship" - the initiative and risk-taking mentality don't seem to be in effect with this 'fast-follower' model.
Posted by: David McGinnis | 21 December 2009 at 12:25 PM
Thanks for sharing your thoughts! i was wondering if anyone still read this blog!! Hope you are well.
Ben
Posted by: Ben Pratt | 21 December 2009 at 06:33 PM
I gave it another shot. There was a dry spell of posts a while back, so it fell off my radar. I suppose moving back West opened your time for theory again.
I am glad it did.
Posted by: David McGinnis | 22 December 2009 at 09:07 AM
Here's a quote:
"To copy an example of success without understanding it with the aid of theory may lead to disaster." - W. Edwards Demming
Posted by: ben | 26 December 2009 at 02:16 PM