Boomerang
Kids are adult children who move back into the family home,
usually a sign of a weak economy. I loved Terry
Bradshaw parading around nekkid in the Fish Room in Failure
to Launch.
So here’s a new term, Boomerang
Management, for when a former management team comes back and
takes over because the current team isn’t getting the results
desired. The
beatings will continue until morale improves.
Often these “boomers” still have
significant equity tied up in their former venture.
Frequency? I’m seeing better than one
a month.
Outcome? Generally worse than existing.
Times have changed, most groups have undergone a radical
transformation, most of all the environment these organizations
operate in has changed forever.
I was working with a group that got
thrown back earlier this year. The former CEO came back from a long
retirement with a secret sauce – outbound cold
call phone solicitation to businesses! Enough of this social web
nonsense! This was the core of the organization!
It took five weeks to hire four and
fire six. They hadn’t counted on voicemail.
It’s an executive-centric business
view, that the economy rotates around a prime mover with sufficient
strength, knowledge, and skills. There’s some kind of echo from when
the Pope arrested Galileo for saying the Earth orbits around the Sun.
No matter how hard the Pope protested,
solar-centric was the only way the math worked.
Your Boomerang Management sightings?
The old saying you can't go home again had nothing to do with traveling back home...it was that you could not go back again to the old days.
ReplyDeleteThings change, memories don't, so when an founder or owner comes back into the fold, first thing noticed is the changes to their old policies, processes, and procedures; perhaps even the clients have changed.
It takes a really special and dedicated person not to swing their weight (as in position) around to re-institute the old, comfortable ways (for the returning star anyway).
Is it any wonder that the performance drops when the founders return - it can be like opening an 8-track tape store in today's MP3 era.