That's the upside of a management style like Welch's.
As we look into 2H13 we see more downside than upside: a) management's mention of 2Q slowdown in Latin America, b) pushing out of flattered volume growth in Europe due to Euro 2012, c) comments by MillerCoors that margin expansion in the next two quarter (in terms of SAB fiscal halves) will be below the 1H pace.
Somewhere along the line the edifice of management had been turned upside down - it was shareholders who had become monarch, their courtiers lavishly rewarded managers whose MBA courses had taught them to manage deals and numbers, not things or people.
This leads to complaints of upside-down management.
The upside, quite simply, is that measuring value tends to boost productivity, as has been the case since the very beginning of management science.
"When I introduced my 'upside school of management,' which is putting the customer at the top of the matrix and management at the bottom – and giving staff the freedom to run their own shops – our middle managers didn't like it at all.
He specialized in the management of management.
LBS, where entrepreneurship has just achieved parity with finance and strategy as a discipline in its own right, operates its own investment fund, Sussex Place Investment Management, which can share in the upside of the ventures created.
Like GMO, Celera will have instant access to capital and an established and talented management team, coupled with the big potential upside of a startup.
Anyone who has hired and managed people can appreciate the upside potential of talent management today.
Our annual survey of emerging management ideas considers the downside of reliability and the upside of flip-flops; new directions for evolving technologies; and the persistent questions of who we are and what we fear.
