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The New Principles of Management

Series:

Andrzej Kozminski and Dariusz Jemielniak

The New Principles of Management is a textbook meant for European students of principles of management. Developed basing mainly on international cases as well as drawing from international examples of managerial practices, it attempts to address the needs of globalized companies better than other, typically US-centric textbooks. The New Principles of Management challenges many of the fossilized and outdated management notions and covers the topics most relevant for modern 21st century organizations, rather than their historic developments.

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Introduction

Extract

Just as M. Jourdain in Molière’s Bourgeois Gentilhomme did not know that he was speaking in prose, many of us do not realize that we are managing an organization, people, property, or that we are dealing with competitors. Such is the situation of a college and university graduates. Every doctor, dentist or veterinarian who runs a practice is a business owner, as are the directors of hospitals or clinics; engineers who have been assigned part of a production process; a principal of a school; a police or military commander; a bishop who manages a diocese; or the executive director of a museum. The list is endless. The important issue is that for most of these people the situation towards which their career paths have inevitably led, often comes as an unpleasant surprise. This is because they are completely unprepared for their new role. An easy accounting, finance, law or team leadership problem can become an insurmountable obstacle even for an outstanding professional. Secondly, managerial activity is becoming more significant as a factor in professional success. Often enough a prominent developer cannot compete with a developer who is less prominent, but who can organize and lead a team while overseeing project financing and development. The same applies to medicine, law, and other domains. This kind of frustration has blocked many promising careers and made many capable people feel miserable. Moreover, as a result of a lack of managerial competence, many hospitals, museums, theatres, schools, and universities have been forced to...

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