Future of Management Essay

Future of Management Essay

Length: 655 words (1.9 double-spaced pages)

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With our economy continuing to sputter, an increasing number of companies both public and private are looking to defend themselves by hiring management executives that have seen hard times before. This new trend may be on to something.
     Recently, Sam Brothwell, an analyst with Merrill Lynch, spoke to a group of companies and stated that one of the things that he found with most companies is that there is a little bit more gray hair, which he found comforting in today’s business place. Due to the unstable market companies are now looking at the more experienced manager when it comes to recruiting top-level management officials.
     It has not always been this way, however. Commercials portray Chief Executive Officers as twenty-something hipsters with rose-colored glasses, instead of the sixty-somethings in charcoal suits and gray hair. Take for instance Silicon Valley and its management staffs, quite a few companies were soaked with young people who swore to the company that they had a finger on the pulse of technology. These young people also were quite positive that they could make their company millions. Did it happen? In some cases yes, but in most no.
     A lot of companies fail because they do not have long-term business plans, and that comes with experience. Experienced management is also seen as a lure for venture capitalist looking to invest in a company. The experience that people bri...

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