The CEO has a responsibility to lead, to set a vision, to create objectives, to create a strategy, to care about his people, to be a trustworthy individual all of those things. On the other hand, I think management has changed radically. It has to do with the speed of change and the inability to control that anymore. I tell our young partners that the point of optimum performance always approaches the point of loss of control. Because they re in a race.
Businesses are in a race, too.
And if you insist on command and control today in this economy, you re through. Certainly, what I m going to be looking for more in the senior officers of the companies we re involved with is flexible and nimble minds, rather than folks who ve evidenced deep knowledge of a particular field, which can lead to complacency. All rights reserved.