Note taking points from Lead Right for Your Company’s Type, by William E. Schneider
- Enterprises fall into four different types:
- Customized: customized organizations design and deliver their product and/or services based on customer’s specific requirement. Hence, it is customized.
- Best-in-class: BIC firms create and sell top rated quality products and/or services.
- Enrichment: Enrichment enterprise focused on improving the lives of their customers.
- Predictable & dependable: predictable and dependable offers and known for delivering a basic and reliable product and/or services.
- Each firm is a “living people system” made up of leaders, employees and customers.
- Leaders must adapt their leadership style to the type of enterprise they lead.
- Most business experts incorrectly believe that a great management idea will work well for all firms. I think the management style should suit those whom being lead. It’s more of a mix and match rather than one size fit all.
- Companies make “core promises” to their customers and should give their employees the conditions they need to deliver on those promises. Never made promises that you cannot deliver.
- Leaders should have a “system-centric” mind-set, not an “individual-centric” one. Which means focusing on the type of enterprise you really lead, not on the type you think you lead and not on the individuals you lead. Lead the enterprise as a whole, but treat everyone as an unique individuals.
Categories: Personal Development