Management: spare me the bouquets

I’ve long been sceptical about whether so-called ‘good’ management really deserves the praise frequently heaped upon it (see Good management or just good luck?). But what was revealed by David Jones’ new ‘Future Strategic Direction’ should cause shareholders in ‘well-managed’ companies to question the basis for that adjective. You might remember that former chief executive Mark McInnes was lauded for David Jones’ spectacular turnaround. Operating profit margins rose from 4.1% in 2003 to 12.1% in 2010. McInnes was widely regarded as a retail wunderkind before his departure due to a sexual harassment scandal in 2010. Over that period, the share...

I’ve long been sceptical about whether so-called ‘good’ management really deserves the praise frequently heaped upon it (see Good management or just good luck?). But what was revealed by David Jones’ new ‘Future Strategic Direction’ should cause shareholders in ‘well-managed’ companies to question the basis for that adjective.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles