Monday 19 December 2016

18 Management Fallacies

Teaching at the school of business, I often have many students who are interested in management or are taking courses in organizational behavior or other management style subject matter. As such I often get asked the question "Where do these management theories come from? do they actually have a rationale behind them or are they just some one's best idea at the time?"

My answer from my experience has been that these are simply best ideas based off of successful managers experiences and figuring out what works and what doesn't (kind of an evolutionary process).

Very similar to how I say that it is extremely unlikely that any firm (or individual) actually goes through the maximization process that we explain in economics. Just the same, due to natural pressures, those firms which get it right tend to succeed, while those who do not, fail to be competitive and are pushed out of the market.

All that being said, the following article by Steve Denning is a very interesting read as he presents several management beliefs which may turn out to be 'unquestioned religious doctrine' rather than refined theories due to evolutionary pressures weeding out incorrect beliefs.

Understanding The Religion Of Business: 18 Management Fallacies

What are your thoughts? feel free to comment below.

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