Time out!

The principles of management enshrined in innumerable texts have been developed in the crucibles of business practice through the ages when there was at least some confidence in the predictability of events. Globalisation of production, processing and distribution, facilitated by the 7/24 dissemination of information has confused predictability. One outcome, the critical element of management survival today, is the effectiveness of a continuous creative response to a sequence of challenge, adaptation and learning arising from ever‐changing circumstances. It will call for a more holistic consideration of organisational effectiveness. Initially, this suggests a look at where power now lies, how it can be exercised, and at the dependencies thus created. In the essential quest for cost saving and innovation, it should come as no surprise in these days of performance‐based pay that the matter of reward for special effort will be raised. It cannot be overlooked that poor performance will be inevitable if good performance is not recognised. “Uncertain” describes the future and people are being more cautious in moving towards it. Time out! will give a pause to reflect.