Traditional managers vs Entrepreneurial managers

Traditional managers vs Entrepreneurial managers

American industry has two primary species of managers:

traditional and entrepreneurial. The former are trained to

produce year-to-year growth of profits, and the latter aspire to

produce innovative products each year. Both managerial

strategies frequently consume capital, create energy-diverting

peripheral divisions and bloat overhead expenses in the race to

outperform the prior year’s results. Many traditional and

entrepreneurial owners and managers respond to trouble by

borrowing money to build sales and cash flow, surrounding

themselves with managers who believe that growth will be the

salvation and telling stories to their creditors.

Extracted from a book titled: RECESSION BUSINESS STRATEGIES by Prof John C. Mbuya

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