Archive for the ‘plurality of elders’ Category

Team Leadership

August 21, 2012

Some business leaders are very good at some aspects of management and very weak in other aspects. The success of the business then depends on which aspects happen to be crucial at the particular time. Sometimes two executives with very different skills and weaknesses combine to produce a very successful management team, whereas either one of them might have failed completely if operating alone. Ray Kroc, founder of the McDonald’s chain, was a genius at operating details and may well have known more about hamburgers, milk shakes, and French fries than any other human being-and there is a lot to know-but he was out of his depth in complex financial operations. These matters were handled by Harry Sonneborn, who was an innovative genius whose financial improvisations rescued the company from the brink of bankruptcy more than once during its rocky early years. But Sonneborn didn’t even eat hamburgers, much less have any interest in how they were made or marketed. However, as a team, Kroc and Sonneborn made McDonald’s one of the leading corporations in the world.

Sowell, Thomas, Basic Economics: A Citizen’s Guide to the Economy (Basic Books, 2004) p.124