What do bosses do?

• Many possible bosses: competition, technologies, the owner of assets, the shareholder, the stock market, the lendor banks, the managers, entrepreneur

• Every possible boss shows different interests

PARC

• People: Who gets recruited (employee), promoted, reporting structure

• Architecture: What is the form of the firm (U-Form, M-Form), number of hierarchies

• Routines: processes, formal or unformal

• Culture: vocabulary, common beliefs

Outside the firm

• Suppliers and supply

• Clients and demand

• Competition and cooperation

• Lobbying

• Exist and survive

• Make money and grow, increase market shares

• Make profit and distribute dividends

• Do not lay off your staff

• Satisfy your customers

• Contribute GDD or common good

• Win competition

• Optimization

• Imitation of competitors

• Uncertainty

• Trade-offs

• Compromises

• Mistakes

• Consultants

• Sequential attention

May mean:

• adapt to competition and environment

• optimize an objective under constraint

• choose the right direction (strategy)

• negotiate and bargain any trade-off

• be unique and find your own way

• choose your “mission” and stick to it