Saturday 26 May 2012

Captains of Industry

The study?s authors focus on presenting the facts about military management styles, and stop short of drawing out the implications of their analysis. Yet their findings do raise some troubling possibilities about what it might take to keep rogue executives in check. Indoctrinating future business leaders to always follow the rules may ensure that laws don?t get broken but also prevent them from looking beyond the way things have always been done. And if creativity requires a bit of a roguish streak, it could mean that the occasional scam might be necessary collateral damage in an innovation-driven economy. After all, innovation and creativity can sometimes be hard to distinguish from the financial illusions created by persuasive conmen. Before Enron?s great unraveling, it was revered as a model of the future of the energy business and the subject of a glowing Harvard Business School case study now airbrushed from history. And great ideas sometimes require taking a leap of faith: When eBay?s first president, Jeff Skoll, explained the business model to one of his Stanford professors, the professor was certain Skoll would be looking for another job in a few months, as eBay was one of the stupidest business ideas he?d ever heard.

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