Manage capital forces

Author: Fagenbaum
Publisher:
Publish Date: 2004-01-01
Features: This book argues that the modern field of management is the integration of leadership, technical knowledge, behavioral knowledge, economic knowledge, and cross-border information. Today, the application and value of modern management have greatly surpassed its initial emphasis on industrial production operations, even though industrial production was still fundamental and foundational during that era. We have also recognized the importance of production operations as an essential requirement for organizational performance, which has extended from education, government, and healthcare to technology and international groups. As a foundational work, The Power of Management Capital discusses almost all existing management innovation concepts and forms, focusing on the systematic management methods and leadership models used in today's industry-leading enterprises to continuously drive management innovation, which is often more important than the innovation itself. It also addresses the next wave of corporate governance, which involves changes in business management and leadership, as well as how to compete with rivals who refuse to abandon outdated work principles.
Amand Fagenbaum—a pragmatic entrepreneur and widely recognized founder of global quality standards—collaborated with his brother and business partner Konrad Fagenbaum to outline a blueprint for management and leadership innovation in the 21st century. It is recommended to read this book following the simple yet profound logical thread below.
● The traditional ten management tenets are no longer applicable and can be proven harmful in today's economic environment.
● Management practice confirms that the significance of strategy lies in systematically integrating management processes and information technology. Few books possess such wisdom and authority to effectively influence the operational models of businesses both adopted and yet to be adopted.
Fifty years ago, the author's seminal work Total Quality Control presented an invaluable and dizzying predictive vision of the core factors that would enable companies and their management to succeed in the remaining years of the 20th century. Fifty years later, in The Power of Management Capital, the world-renowned author shifts his focus to the management and leadership forces of the 21st century. The prospects he envisions and the transformations he advocates will prove even more valuable to the next generation of business decision-makers.