20^th Century Management Problems exposed by the Credit Crunch and Bankruptcies

The ongoing credit crunch and growing financial crisis show the failures of 20^th century management used today

A recent article in 21^st Century Management Magazine explains the enterprise organization and management problems that caused the current financial crisis and the only solution to solve the problems and avoid future repeats of the same problems.

20^th century management lays organization and management structures over the business to manage the enterprise arbitrarily, rather than managing the business. 20^th century management does not manage important result metrics like result value, result volume, result quality, result value-added, and result risk; important performance indicators like performance costs, capital utilization, performance effectiveness, and performance uncertainty; or important capital measures like investment costs, capacity, qualifications, reliability, investment return, and solution worth.

The problems being experienced today invariably point to the lack of information and management of return on capital investments, planned and current capital solution worth, capital amortization in performance costs as solution worth declines, new product result value, planned future value-added from product results, and other information needs that are blocked by 20^th century management methods.

The only solution to the current problems and to prevent any enterprise from experiencing the same problems is Result-performance Management (R-pM)

Now is the time to wake up to the problems of obsolete 20^th century management. 20^th century management used today is a time bomb for all business enterprises in the world. The enterprise either will experience similar problems and losses due to the inadequacy of 20^th century management methods or will lose out to competitors who are now abandoning 20^th century management and organizing their business with R-pM for 21^st Century Management. R-pM is the only way to clear away structures laid over your business, and organize your actual business as one business structure for complete, consistent, and accurate 21^st Century Management.

Learn more in the full article in 21^st Century Management Magazine.

This entry was posted on Friday, September 19th, 2008 at 01:26 and is filed under:
Forums: Administration and Capital Management, Corporate Investment and Governance, Business Change Methods, Top Ten 20th Century Problems, The Solution to the Economic Crisis
Topics: Conventional Management Methods, Organization Methods, Accounting Management, Best Practice Management, Corporate Governance
Result-performance Management (R-pM): How the Business Benefits from R-pM
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