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Russia, however, also suffers from a general lack of skilled managers, management professors and business executives say.
The answer, according to two management professors at Texas A&M, is to make sure the company never needs one.
Management professors once used "newellize" as a verb for turning a lackluster company into a lean, mean selling machine.
And because of the diversity of their experience, midcareer students, including a growing number of veterans, are generally more employable compared with their younger classmates, sports management professors say.
But it fell out of fashion when much of the innovation it produced proved wasteful and workers bemoaned the lack of understandable career paths.Some management professors regard the whole idea of stripping away hierarchy as wishful thinking.
When a team of Yale management professors did a study of forty-seven stock markets around the world, they found that markets with active short sellers reacted to information more quickly and set prices more accurately.
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Heather Barry Kappes, a management professor at the London School of Economics, has published similar research with Oettingen.
"By perceiving a shortage, they actually created one," said Awi Federgruen, a management professor at Columbia Business School.
As Peter Cappelli, a management professor at the Wharton School, put it: "We are substituting people for strategy.
LESLIE S. HIRAOKA Union, N.J., Feb. 26 The writer is a management professor at Kean University.
"The headhunters are poised to start dialing right now," said John O. Whitney, a management professor at Columbia Business School.
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CEO of Professional Science Editing for Scientists @ prosciediting.com