Rather than thriving on this huge injection of management theory, however, the firm flirted with bankruptcy.
Indeed, bosses who have had a taste of management theory, either at business school or working for consultancies, may be more inclined to listen to consultants than those who have not.
Like many leading figures in the world of management theory, Bruce Doolin Henderson, the founder of the Boston Consulting Group (and the man most responsible for the Boston matrix), was an engineer.
There are several strains running through the history of management theory, and which paradigms are dominant, and at which consulting firms, depends on the economic times and the nature of the competition.
The book proposes a kind of contingency theory of management: different situations demand different kinds of management.
In the first session, Julian Birkinshaw proposed a contingency theory of management: different situations demand different kinds of management.
In my book Theory ZYX Of Successful Change Management, I outlined 33 laws of change management.
FORBES: Microsoft Hastens Demise Of PC Era And Drags Down Intel With Windows 8
LTCM, Enron was admired for its innovative use of financial theory and for its risk-management skills until it was too late.
Books, films, even a statue of him: and the latest theory is that he was simply a plant, a bit of Victorian brand management.
A. in international business management and trade theory at the University of Maryland.
But economic theory struggles to explain the bizarre world of fund management, where the market is fragmented but fees stay stubbornly high.
The additional capital requirements in combination with enhanced risk management standards, in theory should lead to reduced risk of bank failures, and should decrease the interdependence between financial institutions, effectively reducing the risk of future banking crises.
FORBES: Basel Barriers: How capital requirements would impede progress in the sovereign debt crisis
What does not help is that management theory about remuneration seems often to be based on a set of completely erroneous assumptions about human behaviour.
FORBES: Employee remuneration systems are often based on the wrong assumptions
But when it comes middle management, disillusioned with theory but still thirsty for knowledge, guidance and the support of a peer network, it could provide the reengagement and revitalisation the corporate world so badly needs.
Until, that is, management gurus and investment bankers cook up a new theory to justify conglomerates, and the cycle of integration and disintegration starts all over again.
Dr Hill had predicted this outcome, thanks to error-management theory the idea that when people (or, indeed, other animals) make errors of judgment, they tend to make the error that is least costly.
应用推荐