The legendary Dr. Peter F. Drucker gave a striking insight about the art and science of management when he said "the job of a business enterprise is to serve customers profitably".
The people who make this happen in a business enterprise are the owners (shareholders), the managers and administrators, and the workers.
At a preliminary level, there are three kinds of managers -
First of all, you should clearly understand which category you'd fall into. I assume that if you are a young and driven person, then it's probably going to be the third.
Most of the management programmes in India, even of the IIMs, were designed to produce managers of the first type. Starting in the 1960s, that seemed to be the only sensible thing to do, as most of the economy was under a Licence-Quota-Permit-Raj and the only "owners" in the private sector were legacy owners of companies. There really were very few first-generation entrepreneurs or Startups then. What would anyone do by learning the art of management with an ownership mindset, when all you could do is play by the rulebook and manipulate the system enough to get the licences and permits to make shoddy stuff, sell to a desperate population hungry for goods and earn guaranteed profits!
The people who make this happen in a business enterprise are the owners (shareholders), the managers and administrators, and the workers.
At a preliminary level, there are three kinds of managers -
- Managers who manage others' resources
- Managers who are owners of their resources, and do manage, but passively
- Managers who are owners of their resources, and actively engage in day-to-day management
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| Family is my business. |
Most of the management programmes in India, even of the IIMs, were designed to produce managers of the first type. Starting in the 1960s, that seemed to be the only sensible thing to do, as most of the economy was under a Licence-Quota-Permit-Raj and the only "owners" in the private sector were legacy owners of companies. There really were very few first-generation entrepreneurs or Startups then. What would anyone do by learning the art of management with an ownership mindset, when all you could do is play by the rulebook and manipulate the system enough to get the licences and permits to make shoddy stuff, sell to a desperate population hungry for goods and earn guaranteed profits!
