Tag Archives: management principles

Down With Descartes! If You Can’t Measure It You Had Better Manage It

  In Landmarks of Tomorrow (1959) Peter Drucker wrote “We still profess and we still teach the world-view of the past three hundred years… a Cartesian world-view.” It is a world-view redefined by Lord Kelvin (1824-1907): “… when you can … Continue reading

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Capitalism as an Ecological Process

On April 2 The Economist published a book review of Valuation: Measuring and Managing the Value of Corporations, a 700-page manual on corporate finance and shareholder value published by McKinsey & Company. The views in both the book and the … Continue reading

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False Wizards: Why I Don’t Believe in Management Gurus

The late historian, Daniel Boorstin, once said, “Trying to plan for the future without a sense of the past is like trying to plant cut flowers.” That is, planners and managers (politicians too) should not try to replicate desirable organizational … Continue reading

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Management Without Principles

Management “principles” have been a prominent feature of the field ever since the 1950s, when a concerted attempt was made to put management on the path to becoming a social science. With economics as their guide and physics as the … Continue reading

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