Bottom up or top down? Which is a better approach?

Every generation needs a revolution - an entrepreneurial revolution

Time and time again, we have heard empowerment, bottoms up approach is better.  Even at lowest level.  The presumption is that Theory Y works:   staff will develop themselves, will engage in self improvement.  But in reality that rarely works.  Even at supervisory and managerial level.

Every one wants to be secure, not take risk, not cross the line, and only do the routine.

It is sad and very embarrassing but the top guys should really make it a point to follow up - to flames underneath the executive chairs.   

The Jack Welch boys said it right -  Follow up.   Top down

Days of conglomerates are over; only focus works?

Every generation needs a revolution - an entrepreneurial revolution

In the 70s and 80s, conglomerates were the in thing.    Harold Geneen and Jack Welch excelled in this by the sheer power of their intellect energy and passion.  The thing is when they were gone, the conglomerates fells by the wayside and collapsed.

These though still followed Welch to be number 1 or No 2 in their market.  Niching was very important.

ITT spun off? What ever remained of it?   How about GE of Welch

The winners are Apple Microsoft, JP Morgan

Only focused business grew and even then it was not enough.  Some are still collapsing as in food business. 

San Miguel would still be a big conglomerate:    food, beverage, alcohol,  infrastructure. energy

Summit:  publication, real estate, airlines, food production, petrochem, power gen

LT - airlines, real estate, tobacco, liquor

Ayala - banking real estate, water (divested) electronics and telecon

Lopez -  broadcasting, energy (divested from DUI)

MVP -  only in telecoms and infrastructure

Conglomerates can only succeed if they have excellent CEO

Berkshire (W. Buffet) succeeded because he focused on stock picking and studying companies.  He did not run companies.  He let their managers do their thing

Toyota focusses on ICE cars.  and quality.  No 1 in car manufacturing for several years.