February 26, 2006

Business management lessons from the Larry Summers affair.

Patrick D. Healy writes:
If the board says it wants you to "shake things up" and "bring change," don't believe them....

Don't say you've changed or have high-powered surrogates say it for you....

Recognize the smartest person in the room rather than act like the smartest person in the room....

Troublesome friends may need to be sacrificed....

Don't give foes a martyr to rally around....
Details at the link.

1 comment:

Wickedpinto said...

This story was inevitable and I never gave it any real thought, I basicaly just washed my hands saying to myself "I hope my kid is strong enough of will to learn from the classes and not the institution." I put myself into a position of . . basicaly "passive disgust," but then I read articles that said it is only the faculty that hates Summers, and it's the students who love him. This left me outright confused, and thinking that universities must be fundamentaly backwards. Ostensibly the faculty work for Summers, and the faculty, and summers as well, works for the students. I don't see Summers or the Faculty paying the students wages, where as the students do, in fact pay the wages of these guys.

but it's the lower employee, who picks their boss, who is approved of by their financiers? Try that in a business, and you would have a stockholder revolt, dumping shares, and driving the value into nothingness, not to mention what would happen in a private company.