Levitt, the former chairman of the Securities and Exchange Commission, was not describing the quality of play or the competence of management in a troubled professional sports business.
And there lies the third point in valuing an innovator: assessing the competence of management.
"However, we found that the management and oversight of this service has been abjectly poor - so poor that it calls into question the capability and competence of management within the Housing Executive over many years, particularly at a senior level.
The main substantive foci of board discussion were the overall performance and competence of the management of the trust ('corporate governance'), the management of clinical quality ('clinical governance') and finance.
The quality of the products, the trend in sales and profits, the competence of the management, the viability of the business model — all of these are largely irrelevant.
The agency said it will also pay greater attention to the liquidity of high-impact retail companies, and be more rigorous in assessing the competence of senior management.
These eventually boils down to the competence of the management, the structure of the organization and the communication culture that has developed.
However, all the other indicators were classified as at high risk level (level 3) for the three farms (sufficiency of operator competences, extent of management commitment, degree of employee involvement, level of formalization, sufficiency supporting information systems, food safety information exchange, and inspections of food safety authorities).
Such factors include attitudes and belief systems; current or preexisting stress; workers' perception of the competence and credibility of management; and involvement of the media, pressure groups, and the legal system (Spurgeon et al. 1997).
Competence management, comprising the management of knowledge about competence, can take advantage from the knowledge engineering techniques to support the mentioned process categories.
Mr. Milberg said BMW failed to absorb the fact that Rover had not developed any new cars of its own in years, that it overestimated the "emotional ties" of British buyers to the Rover brand, and that it overestimated the competence of Rover's management.
