Published by:
Harvard Business Publishing
Length: 7 pages
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Abstract
Almost every company wants to develop its businesses over time and earn high profits immediately, to respond quickly to market changes and make careful decisions, to coordinate business units and make unit managers accountable. But these goals are contradictory. They cannot all be achieved, no matter what the strategy decisions. Senior managers can decide, however, which goals are most important and choose a management style that works toward them. Success depends on choosing an approach that maximizes one''s strengths and goals.
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Abstract
Almost every company wants to develop its businesses over time and earn high profits immediately, to respond quickly to market changes and make careful decisions, to coordinate business units and make unit managers accountable. But these goals are contradictory. They cannot all be achieved, no matter what the strategy decisions. Senior managers can decide, however, which goals are most important and choose a management style that works toward them. Success depends on choosing an approach that maximizes one''s strengths and goals.