The Management Myth (2006)

http://www.theatlantic.com/doc/print/200606/stewart-business

by hko • 17 years ago

113 22 17 years ago

theatlantic.com

dxjones• 17 years ago

This is an outstanding, well-written article about how business management often falls victim to faddish theories.

It is long, but enjoyable and well worth the read.

My favourite quote: "Knowledge, by its very nature, must be intelligible, not obscure."

It comes up in the context of management consultants using bafflegab and fancy-sounding jargon to mislead clients (and perhaps themselves). This quote is a reminder to have the courage, (as is needed in some contexts), to speak up when you don't understand something, ... since what seems like wisdom you are having difficulty grasping, may in fact be snake oil.

For a strangely related article, you might also like to read: "What you can't say" ( http://paulgraham.com/say.html) which also talks about widely held beliefs that later turn out to be just a passing fashion. Although later seen clearly to be false, at the earlier time, the flaws are invisible.

edw519• 17 years ago

The only thing I remember a professor saying in Business School:

"A degree in business is a degree in nothing."

Of course he said it after I paid my tuition :-)

The MBA may have opened some doors for me, but after all these years, I'm starting to believe he was right.

jpwagner• 17 years ago

You know how you can buy a bachelor's degree from "university of joe schmoe" or some such made up university?

I'm sure that people have done that and it has helped them get 'some job.'

If there exists an analogous scenario for an MBA, I doubt it would've helped anyone to get the job they want.

That's the distinction in my mind.

jimbokun• 17 years ago

The Seinfeld degree!

gruseom4• 17 years ago

I read it, but apart from the excellent beginning I'm not sure it's well worth it. The author wants to have it both ways: he's an insider and also an ironic critic. But he never addresses his own years of involvement in the bullshit he exposes. As a result, the article becomes increasingly evasive and self-justifying, ending in a bunch of platitudes of his own.

You can't just take a bucket of irony varnish and slather it over everything and act like that makes you different.

dasil0032• 17 years ago

Where did he claim he was different?

Is it wrong for someone to criticize an industry they were a part of? Is the appearance of hypocrisy the foremost evil to be avoided at all costs?

frossie• 17 years ago

The point that he is making is not that management consulting is useless, but the framework for teaching is ineffective. As he says, "What they don’t seem to teach you in business school is that “the five forces” and “the seven Cs” and every other generic framework for problem solving are heuristics: they can lead you to solutions, but they cannot make you think."

The problem (and I see this in technical management as well as in the business world) is that a good manager can think themselves out of the situation without gimmicks or formal training; whereas a bad manager does not become a good one with all the MBAs and training courses in the world.

The other great point he makes, that confirms my own impression, is: "If it’s reminiscent of the kind of toothless wisdom offered in self-help literature, that’s because management theory is mostly a subgenre of self-help. Which isn’t to say it’s completely useless."

I think that is exactly right. Yes there are some people that will derive some benefit from reading a self-help book, but it rarely provides a lasting benefit and is no substitute for an intelligent and mature reflection on your problems.

dasil0032• 17 years ago

My favorite quote is:

"In a sense, management theory is what happens to philosophers when you pay them too much."

michaelneale• 17 years ago

Was a great read. Also reinforces my interest in philosophy as a satisfying area to study one day in my retirement (if not before !).

gruseom4• 17 years ago

The most interesting thing in this article is its claim that Taylor was a self-promoting fraud, which gives a whole new meaning to his status as the founder of "scientific management". If you want to understand a thing, look at its origins.

bitwize• 17 years ago

I went to Stevens Institute of Technology as a lad. I like telling an illustrative anecdote about the school compared to its competition: W. Edwards Deming went to MIT; Frederick Taylor went to Stevens.

All you need to know, really. :)

rodneylester• 17 years ago

From Wikipedia: W Edwards Deming received a BSc in Electrical Engineering from the University of Wyoming at Laramie (1921), an M.S. from the University of Colorado (1925), and a Ph.D. from Yale University (1928). Both graduate degrees were in mathematics and physics.

Of course, I am a University of Wyoming BSEE graduate, so I'd know the first :-)

stewiecat• 17 years ago

Another Stevens Tech alum here too (Computer Science, '02).

huherto• 17 years ago

I think there should be a management degree where you actually start a small business. I am not thinking just about an assignment for one semester; the whole purpose of the degree would be to end up with a real small business.

Chickencha• 17 years ago

I would argue that such a "degree" already exists. Simply start a small business. If it's successful and you decide to move on to something else, having created and run a successful small business will look great on your resumé. If it's unsuccessful, then I guess you flunked out.

tigerthink• 17 years ago

So you don't think going meetings of other small business founders or listening to lectures by an expert small business founder would be valuable?

azgolfer2• 17 years ago

Gerald Weinberg's book The Secrets Of Consulting IMO is a much better view of the give and take of giving business advice. Grad school has become far more popular than it used to be and a lot of people seem to promote it as worthwhile to students (paying large tuition, and spending extra years in school) and business (paying high initial salaries and rapidly promoting the grad school graduates). The book "The Big Test" talks about a new class of "Mandarins" - people who have high test scores, get advanced degrees and get high end jobs in business or government as a result. Bill and Hillary Clinton are two of his examples.

gruseom4• 17 years ago

Weinberg's book is excellent. It saved me all kinds of trouble. I recommend it to anyone doing any kind of consulting or even just interacting with other human beings.

It's also a nice antidote to the Dogbert kind of consulting described in the OP.

azgolfer2• 17 years ago

Hey, turns out he has a blog

http://secretsofconsulting.blogspot.com/

datums• 17 years ago

One of the biggest challenges in managing is the social aspect.

gyeh• 17 years ago

It's interesting to note that the author plans to release a book regarding the same subject later in the year: http://www.amazon.com/Management-Myth-Consulting-Present-Lar....

While it should be a good read, it's bit too opportunistic IMO, given the current economic climate. Heads will roll, and MBA's are a juicy scapegoat (nonetheless, deservingly so).

I guess not everyone can be like Shiller. (http://en.wikipedia.org/wiki/Irrational_Exuberance_%28book%2...)

The Management Myth (2006)

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