The conventional management model brings with it dissatisfaction and organizational democracy is a viable solution.
Vineet Nayar is chief executive officer of HCL Technologies, the India-based global information technology services company, and author of Employees First, Customers Second: Turning Conventional Management Upside Down (Harvard Business Press, June 2010).
In the video below, Nayar, who recently released the book Employees First, Customers Second: Turning Conventional Management Upside Down, outlines four simple steps companies can take to implement this philosophy and reap the revenues in return.
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Big data refers to a set of information and data so large and complex that it becomes difficult to process using conventional database management tools.
Ben Thornley: We were surprised to discover that, even within the constraints of fiduciary duty and the strictures of conventional portfolio management, US institutional asset owners have been very creative in finding ways to support regional economies and deliver the other secondary social or environmental impacts of priority to beneficiaries.
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However, a number of Semler's principles have filtered their way into the conventional wisdom of management-employee interaction.
While the vast majority of assets under management (AUM) are in conventional funds, the growth is on the more active side.
Even in conventional bean-counting terms, radical management turns out to be two- to four-times more productive than traditional management with its focus on scalable efficiency and treating customers and employees as things to be manipulated.
In this event, participants will explore if and how cities in a developing country context can accelerate the development of their urban water management systems by by-passing conventional, centralized approaches and promoting more decentralized and flexible solutions that promise a higher degree of sustainability.
It added that OFI's management fees are lower than those of its conventional money-market funds.
Conventional academic wisdom is that this period has been a wonderful example of how economic management via currency manipulation can solve the terrible problems of the bad old gold standard years.
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Current conventional wisdom argues that monetary policy is more useful and more flexible for short-term macroeconomic management.
Conventional wisdom holds that getting so close to employees can compromise objectivity and the ability to make tough management decisions.
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