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« Drive Out Fear in Your Organization's Leadership Approaches | Main | The Leadership Art (and Importance) of Encouraging Constructive Dissent »

August 20, 2008

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Art,

I enjoy your blog and generally love your insights. It is with this backdrop that I would like to offer another perspective and I wonder what you think about it.

A brief bit of history is important. The modern corporation came into being in Britain in the early seventeenth century, when some very intelligent and presumably humble nobleman noticed that there's no correlation between intelligence and wealth. In fact, there may even be an inverse correlation, but I'll resist the urge to rant about Paris Hilton and spare you my other Hilton-esque urges...

What these noblemen realized was that if they gave up a portion of their capital and entrusted it to an organized group of intelligent, motivated and hungry workers selected from the masses, they could make themselves much wealthier. The modern corporation was born.

There are many agency problems that come along with this arrangement. Darn those intelligent, motivated and hungry masses for wanting to help themselves more than they wanted to enrich the already wealthy, but those issues aside, capitalism has improved the living standards of the masses as it enriched the wealthy.

Your Tenants of Temporary Stewardship would bring a tear to the eye of any bourgeois capitalist. Thinking of the the future generations as motivation is nice, but it's not really part of the corporate bargain.

Andrew, thanks for your perspective. It's not often I get a great laugh from the comments, but your "tear to the eye" line is great. Touche. Ironic that I am re-reading Atlas Shrugged for the 10th time in my life. I'll pay attention this time! In the mean time, I did enjoy the perspective of the Not for Profit manager (forgot to mention that part) that inspired the post. Thanks again for chiming in. -Art

Wow - a well written posting and a great follow-up comment to boot. Art, I liked your thoughts on the fleeting nature of our positions and the simple fact that tomorrow is a gamble that may not pay off. However, I think that you missed one key point: if we are only temporary stewards then instead of feeling powerless (I'm only here for a short time), perhaps this can instead be used as a source of power (I've only got one chance, let's give it a try).

All too often I think that we find ourselves trying to decide if we want to mange people or products. Ultimately, the answer has to be both. If we really want to leave things in a better state than we found them (ultimate goal), then we've got to move not only quickly but we have to find a way to motivate the other temporary stewards to move with us, not against us.

- Dr. Jim Anderson
Blue Elephant Consulting
http://itproductmanagement.blogspot.com/

Wow - a well written posting and a great follow-up comment to boot. Art, I liked your thoughts on the fleeting nature of our positions and the simple fact that tomorrow is a gamble that may not pay off. However, I think that you missed one key point: if we are only temporary stewards then instead of feeling powerless (I'm only here for a short time), perhaps this can instead be used as a source of power (I've only got one chance, let's give it a try).

All too often I think that we find ourselves trying to decide if we want to mange people or products. Ultimately, the answer has to be both. If we really want to leave things in a better state than we found them (ultimate goal), then we've got to move not only quickly but we have to find a way to motivate the other temporary stewards to move with us, not against us.

- Dr. Jim Anderson
Blue Elephant Consulting
http://itproductmanagement.blogspot.com/

Dr. Jim, thanks for jumping in as well. You are right. Interestingly, your theme fits right in with the advance copy of John Kotter's new book that I am reading right now: A Sense of Urgency. Kotter makes the case that one of the leader's key roles is to do exactly what you describe...get the masses to move quickly based on a genuine sense of urgency. I'll write a review on the book in a few days. Thanks again for your value-add. -Art

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