New Management Styles
Management in the knowledge economy needs new approaches to those used in the industrial economy, (see chart)
| Traditional/Industrial (Financial Capital) |
Knowledge/Innovation (Human Capital) |
|
| Performance Measures |
Financial | Comprehensive |
| Structure/ Culture |
Competitive Market-Share Distrust of Borders |
Collaborative Sets of Alliances Value Adding |
| People/ Leadership |
Cost/Expense Profitability |
Revenue/Investment Sustained Growth |
| Process | Independence Cause-Effect |
Interdependence Value-System |
There is another, more comprehensive chart that contrasts R&D Management Styles across five generations, according to the five key factors that need to be managed. Try and position your own organisation along these dimensions.
