Wednesday, August 13, 2008

Management's Grand Challenges

Coming out of Dr. Hamel's "Inventing the Future of Management" summit is this excellent document (introduced by this blog post) summing up the 25 challenges of reinventing management (i.e. Management 2.0). Here are the 25, although it's well worth diving into the details behind them in the document. Those details help flesh out the real issue behind each of these pretty abstract items.

1. Reconstruct the philosophical foundations of management
2. Fully operationalize the ideas of community and citizenship
3. Seek orientation in a higher and broader purpose
4. Distribute (share) the work of creating direction and strategy
5. Develop holistic performance measures
6. Stretch executive timeframes and perspectives
7. Increase trust, reduce fear
8. Create a democracy of information
9. Expand and exploit intellectual variety
10. Substantially reduce the gravitational pull of the past
11. Enlarge and empower the pro-change constituency
12. Expand the freedom for autonomous action
13. Create more space for emergent strategies
14. Create an internal market for ideas, talent and resources
15. De-structure and dis-aggregate the formal organization
16. Dramatically diminish the influence of (formal) hierarchy
17. Reinvent the work of executive leadership
18. De-politicize decision-making
19. Reinvent the means of “control”
20. Transcend the efficiency vs. innovation trade-off
21. (Further) Unleash human imagination
22. Enable communities of passion
23. Create (more) open organizations
24. Rethink management thinking
25. Humanize (the language of) business

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