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« "As soon as everything is important, nothing is important." | Main | Hayek, the Knowledge Problem and why socialism can't work. »

15 November 2009

Comments

David McGinnis

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.

Ben Pratt

Thanks for sharing your thoughts! i was wondering if anyone still read this blog!! Hope you are well.

Ben

David McGinnis

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.

ben

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

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