Overled and Undermanaged-From Business Week

By Henry Mintzberg
BW Magazine

Have you heard the word "leadership" lately—say, in the last 10 minutes? How about "management"? Remember that word? Let me suggest that you should, because what we've been calling a financial crisis is actually one of management. Corporate America has had too much of fancy leadership disconnected from plain old management.

How did this happen? It became fashionable some years ago to separate "leaders" from "managers"—you know, distinguishing those who "do the right things" from those who "do things right." It sounds good. But think about how this separation works in practice. U.S. businesses now have too many leaders who are detached from the messy process of managing. So they don't know what's going on.

Read the entire article: http://www.businessweek.com/magazine/content/09_33/b4143068890733.htm

The Right People in the Key Seats

The specifics can vary, even within companies, but our research delivered six important traits that identify "the right people"

The right people fit the company's core values
Great companies build cultures in which those who don't share the institution's values are surrounded by anti-bodies and ejected like viruses. People ask: "How do we get people to share our core values?" The answer: Hire people already predisposed to them—and keep them.

The right people don't need to be tightly managed
When you feel the need to tightly manage someone, you may have made a hiring mistake. You need not spend a lot of time "motivating" or "managing" the right people. It's in their DNA to be productively neurotic, self-motivated, self-disciplined, and compulsively driven to excel.

The right people understand that they do not have "jobs"—they have responsibilities
They grasp the difference between their task list and their true responsibilities. The right people can complete the statement, "I am the one person ultimately responsible for…".

The right people fulfill their commitments
In a culture of discipline, people view commitments as sacred—they do what they say they'll do, without complaint. Equally, this means that they take great care in saying what they will do, careful never to overcommit or to promise what they cannot deliver.

The right people are passionate about the company and its work
Nothing great happens without passion. The right people display remarkable intensity.

The right people display window-and-mirror maturity
When things go well, the right people point out the window, giving credit to factors other than themselves; they shine a light on others who contributed. Yet when things go awry, they do not blame circumstances or other people; they look in the mirror and say: "I'm responsible."

Data: Jim Collins from Business Week