Preview

Me one and Harvard Business Review

Good Essays
Open Document
Open Document
4176 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Me one and Harvard Business Review
C A S E

S T U D Y

Bulwark Securities' new managers get a five-pound policy manual They need a lot more.

When a New Manager Stumbles,
Who's at Fault? i ll

liiilll!!!!! '

by Gordon Adler
Everything was fine until Paul
MacKinley, my manager at the Minneapolis, Minnesota, branch of Bulwark Securities, waved me down in the parking lot. It was June 1995. He was standing directly in the hright
Sim, so I had to squint to make out his features. "Goldstone," he said,
"there's a management slot opening up in the Framingham, Massachusetts, hranch."
I parked the car and found him ten minutes later, hunched over a spreadsheet. MacKinley cared ahout the bottom line, you had to give him that. He was fond of saying. Just do your joh and don't saddle me with lawsuits. He looked up at me. "If my memory serves me right, Goldstone
[he never called me Rafferty], you've
22

got an M.B.A. from Kellogg, eight years under your belt as a sales rep, and you've heen at play in the fields of management, so to speak."
"Uh-huh, I've heen coordinatcir of the Centurion Graphics account, I was Frank Arnold's mentor, and I was a member of the task force for improving sales calls."
MacKinley nodded. "Management's where it's at-power, prestige, money. Are you 40 yet?"
"Thirty-eight."
"Good, young enough to want it bad, and too young to know better."
My father used to say leaders are horn, not made. I'd wanted to test his theory for a long time-find out what it was like to take charge. For some time, I had resented MacKin-

ley hounding me about quotas and compliance; after all, I'd been one of the top three reps, averaging
$300,000 per year. I dreamt of having
MANAGER on my door. My view back in 1995 was this: I understand sales and the Bulwark line of products. I understand reps. That's all it takes.
That night, my wife, Jane, said that she wasn't sure it was a good thing for us or for Jamie, our son.
I remember her exact words.

You May Also Find These Documents Helpful

  • Good Essays

    For Alexander to purchase this piece of property, he needs to choose between two different sources of funding. Both of these options are based on a 20 year, 8 percent rate. Alexander has $80,000 of his own equity to invest in the project, a very small portion of the total capital investment.…

    • 268 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In phase II, three different safety devices (Becton Dickinson 's resheathable winged steel needle; Bio-Plexus 's bluntable vacuum-tube blood-collection needle; and Concord Portex 's vacuum-tube blood-collection needle with a hinged recapping sheath) were introduced to replace conventional phlebotomy devices for the next 12 months. When the survey was repeated near the end of this 12-month phase, needle stick injuries were significantly reduced with all three products. A total of 41 needle sticks were reported by the 1,421 respondents-a substantial decrease from pre-change findings. Of these injuries, 25 occurred prior to activation of the device 's safety feature after removal from the vein, and six occurred during activation. Thus, the only multi-center study to examine the effect of safety devices on the rate of needle stick injuries found a significant…

    • 731 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    NVQ Business studies

    • 1470 Words
    • 6 Pages

    Diversity should be respected and valued, because nobody is completely the same as anyone else. It is everywhere in our lives which makes rich and varied. In our lives diversity can be defined as differences in heritage, race, beliefs, customs, mental capabilities, physical appearances etc. It should be valued because no one is completely the same as anyone else, even within the above categories. If diversity is not valued then it can lead to violence and hatred.…

    • 1470 Words
    • 6 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Accounting and finance

    • 313 Words
    • 2 Pages

    Rio Tinto PLC's payables turnover declined from 2010 to 2011 and from 2011 to 2012.…

    • 313 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Crime in Kansas City

    • 876 Words
    • 4 Pages

    Murders, rapes, robberies, assaults, burglaries, and theft are all put into the same category, crime. Any of these crimes can relate to deaths. Which is something no one wants. Kansas City's violent crime and murder rates are among the nations highest, and has been for many years. its embarrassing that Kansas City is lumped together with other cities that are notorious for their high crime rates, such as Detroit, St.Louis, Oakland, Memphis, Atlanta, and Cleveland. Kansas City's crime risk is more tun three times the national average. i guess it could be worse. we could be St.Louis, the nations number one city for crime.…

    • 876 Words
    • 4 Pages
    Good Essays
  • Good Essays

    * Analyze business problems such as mergers & acquisitions or other corporate transactions utilizing fundamental corporate finance tools and methods.…

    • 1109 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Accounting study

    • 618 Words
    • 3 Pages

    6. Given investment details, calculate how Iong an initial investment was growing at a certain interest rate.…

    • 618 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Wall Street Journal

    • 1698 Words
    • 7 Pages

    Neil Shah wrote this article which briefly covers the topics of unemployment and the natural unemployment rate. The way our economy has been on a downward slope has led to the need to write about the natural unemployment rate. There are more and more people losing their jobs. Not only do they lose their jobs, but the longer that they are out of the job market, the more uninterested future employees are at hiring them, thus putting them out for a long period of time. The article focuses on how the natural rate was 5%, but has increased more recently. It tries to determine what the underlying cause of the increase is. The natural rate is healthy because it leaves room for the ebb and flow of the economy. However, increasing this natural rate only means that there are more people than should be out of work. Neil Shah believes that the reason for the higher rate of unemployment is due to a weak demand for workers. The main issue with the higher unemployment rate is that the higher it gets, the Federal Reserves would like to join in an effort to help the economy, but by doing so it leaves a risk for a higher inflation.…

    • 1698 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    The London School of Economics and Political Science (informally the London School of Economics or LSE) is a public research university specialised in the social sciences located in London, United Kingdom and a constituent college of the federal University of London. Founded in 1895 by Fabian Society members Sidney Webb, Beatrice Webb and George Bernard Shaw,[4] LSE joined the University of London in 1900 and degrees were issued to its students from 1902 onwards. Despite its name LSE conducts teaching and research across the entire range of the social sciences, including accounting and finance, anthropology, economics, geography, history, international relations, law, media and communications, philosophy, politics, psychology, social policy and sociology.…

    • 367 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    (IABD) held in Las Vegas, Nevada, April 8 - April 10, 2010.This volume is part of the…

    • 32055 Words
    • 129 Pages
    Good Essays
  • Good Essays

    Accounting and Finance

    • 1051 Words
    • 5 Pages

    I think Jim isn’t solely motivated by profit; he seems to care more about the needs of his community than making a profit in his business. However Jim is successful and experienced with his business and by appealing to the communities needs his profit increases.…

    • 1051 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    4. More of A Domestic Newspaper Compared to the WSJ, offered in London and a few select cities…

    • 1636 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Wall Street Journal

    • 1307 Words
    • 6 Pages

    | One of the responsibilities of a finance manager would be to keep track or monitor important events taking place in the business world. Reading the Wall Street Journal would be a good way to do this. After reading, the manager might disseminate some of the information he learned, but this would be secondary to the information monitoring function. A leader or liaison may indeed read a newspaper but only in the function of being an information monitor.…

    • 1307 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    Ap Economics

    • 12071 Words
    • 49 Pages

    CHAPTER ONE THE NATURE AND METHOD OF ECONOMICS CHAPTER OVERVIEW This chapter begins with a discussion of the meaning and importance of economics. In this first chapter, however, we will not plunge into problems and issues; instead we consider some important preliminaries. We first look at the economic perspective—how economists think about problems. Next, we state some of the benefits of studying economics. Then, we examine the specific methods economists use to examine economic behavior and the economy, distinguishing between macroeconomics and microeconomics. Finally, the problems, limitations, and pitfalls that hinder sound economic reasoning are examined. . LECTURE NOTES I. Definition of Economics A. The social science concerned with the efficient use of limited or scarce resources to achieve maximum satisfaction of human materials wants. B. Human wants are unlimited, but the means to satisfy the wants are limited. II. The Economic Perspective A. Scarcity and choice 1. Resources can only be used for one purpose at a time. 2. Scarcity requires that choices be made. 3. The cost of any good, service, or activity is the value of what must be given up to obtain it. (opportunity cost). B. Rational Behavior 1. Rational self-interest entails making decisions to achieve maximum fulfillment of goals. 2. Different preferences and circumstances lead to different choices. 3. Rational self-interest is not the same as selfishness. C. Marginalism: benefits and costs 1. Most decisions concern a change in current conditions; therefore the economic perspective is largely focused on marginal analysis. 2. Each option considered weighs the marginal benefit against the marginal cost. 3. Whether the decision is personal or one made by business or government, the principle is the same. 4. The marginal cost of an action should not exceed its marginal benefits. 5. There is ―no free lunch‖ and there can be ―too much of a good thing.‖ III. Why Study Economics? A. Economics for citizenship.…

    • 12071 Words
    • 49 Pages
    Powerful Essays
  • Good Essays

    Microeconomics Journal

    • 536 Words
    • 3 Pages

    After reading “Chrysler Enters the Race to Introduce Electric Models” by, Bill Vlasic Chrysler is planning on producing an electric car to sell in 2010. Chrysler has three electric models now but is planning on producing a full line of cars in the future. This is an attempt by the auto maker to compete in the market for electric automobiles. Compared to G.M. Chrysler is adopting its existing models to electricity rather than building a new platform, putting their money into technology rather than the platform of the car. “While Chrysler is committed to electric vehicles, Mr. Nardelli said the project would benefit directly from a proposed $25 billion federal loan program for the United States auto industry.” Chrysler is attempting to compete in the new demand for electric cars due to the rise in fuel prices, ultimately decreasing fuel prices by making the demand more elastic.…

    • 536 Words
    • 3 Pages
    Good Essays

Related Topics