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Archive for 18. September 2016

Superstar companies are good at everything, including pushing the boundaries

Posted by hkarner - 18. September 2016

Date: 15-09-2016
Source: The Economist
Subject: Downsides: The dark arts

COMPANIES ARE BY nature competitive. That is mostly to be welcomed, but sometimes their competitive instincts play out in less welcome ways as they engage in some of the darker arts of management. The two most obvious ones are to pay as little tax as is legally possible, and to lobby governments and a variety of other bodies to gain an advantage over rivals. To a greater or lesser extent all companies do this. The big difference is that the superstar companies, being good at everything they do, are also much better than the rest at practising these dark arts and taking them mainstream.

This raises three worries. The first is that they will keep getting better at them, applying the same creative excellence to rule-bending as they do to running their business in general. Second, superstars might use the combination of these and other skills to build up impregnable advantages, giving them growing monopoly power. Third, as their businesses become more mature, they may come to rely increasingly on those dark arts. Den Rest des Beitrags lesen »

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The alphabet of success

Posted by hkarner - 18. September 2016

Date: 15-09-2016
Source: The Economist

Superstars need a dazzling range of qualities

GENERAL ELECTRIC, THE product of an alliance between Thomas Edison, America’s greatest inventor, and J.P. Morgan, its greatest banker, was the technology superstar of the early 20th century. Edison’s patents have long since expired and electricity has become a commodity, but GE remains a commercial empire, the only intact survivor of the companies that made up the original Dow Jones index. GE employs 330,000 people in 180 countries, owns $493 billion-worth of assets and earned $117 billion in 2015. It has survived where other technology stocks have faded because it has fully mastered the art of management. Its slogan, “Imagination at work”, could just as easily be “Management at work”. Den Rest des Beitrags lesen »

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