What is Management?
Do we really need the hard work every time to win the race? I guess not. This is one of the recent thoughts that came across to my mind. I will try to make my point with the help of an analogy.
ANALOGY: Consider the horse race. Everyone knows this. Now there are three stakeholders involved in a race. First and foremost the horse, second is the person who places his bets on the horse and third the owner of the race course. Now in every race, who does the hard work – definitely the Horse. What is his gain – None. I really don’t think that his diet would be in direct proportion to this winning numbers. Now let’s look at another stakeholder – the bet placer. If he had done his job properly – he is a sure winner. His job is to identify the winning horses. And the third party – the owner of the race course. Whether the horse wins or looses or whether the bet placer wins or looses, he is (nearly) always at the receiving end – a Winner.
TRANSLATION: Corporate world. Owner is the Shareholder or typically the owner of the company. It’s not that he is ALWAYS the WINNER but the very existence of the company means that he is at the receiving end. The bet placer is nothing but the Management. A good management job is to identify the WIN horses. They are not expected to do the real work but then they are real reapers of the rewards. And then there is the third category – poor horse, the actual doer. He is the one who is unaffected by all LOOSE and WIN Syndrome. His job is to WIN and take his salary back home. No matter whether he wins or loose – he will get his salary.
It might sound as a pessimistic or cynic for the hard worker but it’s not like that. One needs to go thru all the phases of this OWNER-MANAGER-WORKER syndrome. Unless you are a born inheritor of the OWNER such as Ambani, Tata or Birla, you have to pass thru all the stages.
So in Conclusion, I believe that Management is nit picking of the winning workforce and allow them to do their best. Make the way so that they can find the best of their potential and quetly see the magic work. Call it Leadership....Call it Management. Whatever.
Will write more….but how did you like the analogy. BTW, this is all because these days I am in the process mode of thinking excessively about the Management and only Management.
ANALOGY: Consider the horse race. Everyone knows this. Now there are three stakeholders involved in a race. First and foremost the horse, second is the person who places his bets on the horse and third the owner of the race course. Now in every race, who does the hard work – definitely the Horse. What is his gain – None. I really don’t think that his diet would be in direct proportion to this winning numbers. Now let’s look at another stakeholder – the bet placer. If he had done his job properly – he is a sure winner. His job is to identify the winning horses. And the third party – the owner of the race course. Whether the horse wins or looses or whether the bet placer wins or looses, he is (nearly) always at the receiving end – a Winner.
TRANSLATION: Corporate world. Owner is the Shareholder or typically the owner of the company. It’s not that he is ALWAYS the WINNER but the very existence of the company means that he is at the receiving end. The bet placer is nothing but the Management. A good management job is to identify the WIN horses. They are not expected to do the real work but then they are real reapers of the rewards. And then there is the third category – poor horse, the actual doer. He is the one who is unaffected by all LOOSE and WIN Syndrome. His job is to WIN and take his salary back home. No matter whether he wins or loose – he will get his salary.
It might sound as a pessimistic or cynic for the hard worker but it’s not like that. One needs to go thru all the phases of this OWNER-MANAGER-WORKER syndrome. Unless you are a born inheritor of the OWNER such as Ambani, Tata or Birla, you have to pass thru all the stages.
So in Conclusion, I believe that Management is nit picking of the winning workforce and allow them to do their best. Make the way so that they can find the best of their potential and quetly see the magic work. Call it Leadership....Call it Management. Whatever.
Will write more….but how did you like the analogy. BTW, this is all because these days I am in the process mode of thinking excessively about the Management and only Management.
posted by Jhaaria - from IIT K 2001 at 3:00 PM
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