A management decision is irresponsible if it risks disaster this year for the sake of a grandiose future.
The Derby experience had not been good for me and the way it finished left a very bad taste in my mouth so I questioned whether I wanted to go back into management.
When determining appropriate levels of compensation, management must determine if the employee turnover rate is too low, too high, or just right. If turnover rate is high enough to adversely impact the entity's performance, then employee compensation is probably too low.
It is important for the manager to find the right solution for your team.
Teamwork is neither "good" nor "desirable." It is a fact. Wherever people work together or play together they do so as a team. Which team to use for what purpose is a crucial, difficult and risky decision that is even harder to unmake. Managements have yet to learn how to make it.
By the time it becomes obvious that a technology will have truly disruptive impact, it is often too late to take action. This is one reason why we are such advocates of using theory to try to analyze industry change. Conclusive evidence that proves that a company needs to take action almost never exists. In fact, the data can fool management, lulling them into a false sense of security.
We want industry to be in the public sector, to change the power structure of our society...We have not yet carved out of public enterprise a wide enough area of management decision which ought properly to be brought within the ambit of the workers themselves.
formerly 2nd Viscount Stansgate
While I was in Montrose, the publishing checks went into the band's coffers. This was our management's decision; we were just financing ourselves on the road.
The great decision was the Explorer program. The thing we did not do well is that we allowed and somewhat encouraged too much exposure to the program.