Business Owners and Shareholders must demand 21st Century Business Management
Submitted by bcfc on February 6th, 2009
Business owners and corporate shareholders are the big losers from the economic crisis
Corporate management may have lost out on some big bonuses and property owners may have to wait for the worth of their properties to recover. But, the business owners and shareholders have lost trillions of US Dollars on their investments due to the continuing failures of obsolete 20th century management. They have invested in corporations and institutions that are unable to manage their business in the costs and planned worth of investments, the cost and effectiveness of specific capital solutions utilized in performance, the value and quality of results produced from performance, and the historic return and future solution worth from the value added to results. These failures cause the continuing cycle of corporate management problems.
The corporate management problem must be simplified to manage the actual corporate businesses
The only solution is to simplify business management down to the three components of the business and three additional data entities that must be managed to manage the business effectively. The corporation must organize and manage the actual business to clear away the myriad of enterprise management structures laid over every business. Actual business data, unknown today, must be collected and one consistent set of complete and accurate actual business management information, not available today, must be utilized to manage the business. Each corporate headquarters, division, business unit, subsidiary company, or other venture is a business. Each business is consistently-defined according to 21st century business management conventions and standards to add up to one consistent corporate business. Any potential problem appearing at the corporate level can be traced to a particular capital solution utilized to produce a result at a business level.< [more...]s

