But is that because it's a bad idea to delegate properly or because the culture dictates that that is the correct way to do things?
I just think he's blatantly incompetent. He proved it beyond any doubt on day 1 and has been allowed to plod along to his own plans and designs ever since.
You're of course forgetting that even if a CEO doesn't have multiple boards responding to him, then there is obviously going to a reduced amount of man power in the structure below the CEO which in return means he will still be dealing with as many hands as he otherwise would be with a larger company. There's just one less level below him to the shop floor.
Of course as a CEO you delegate, but typically your key personnel understand their roles exceptionally well, better than you often will, if they are appropriately qualified and skilled. Much of what you do with them is report analysis, problem solving and decision making. Your role is typically focused around integrating all the vital components of the value chain and how the relate to one another and allocating scarce resources; which is exceptionally time consuming. Different functions within a company will be competing for the same finite pool of resources and allocating appropriately is a delicate and difficult process.
I'm sure you are very loved by the people in the General forum.
Good read, though.You missed his annual holiday, which, in all seriousness I seem to remember takes place during the Summer transfer window...
Are you sure this was his fault or was it Moyes fault. Always thought it was Moyes fault as he wanted different players but when he couldn't get them, he panicked and bought Fellaini.
I'm sure you are very loved by the people in the General forum.
I have had my moments. Depends on the thread. We’ve had some great intellectual discussions in some threads about these types of things. But they tend to be about very specific business topics. I generally keep this type of info out of the rest of the threads, for good reason.Well played to you, man. You seem like a top professional and very talented person, you deserve everything you have achieved in life.
Thank you for your kind words. It’s not been an easy path, and I hope there is much more to come. It’s not a healthy lifestyle though. Super stressful. And I have no social life.
That sir is a very good and informative post but the it also is the business version of what i would call the lingard defense. Where we judge a person by the effort he puts in rather than the performance he gives.
Do you know anything about controls theory? Whilst every step in the hierarchy is supposed to be "self-checking" and therefore you ought to be able to rely on it to a certain extent, the quickest way to check it yourself is to go to the bottom rung and check the input and see if it aligns with what the output is telling you. That's why generals used to go and look at the field of battle themselves, preferably on foot, rather than rely on what their advisers are telling them. Or to put it in an even simpler way: "the best manure is the sole of the farmer's boot".
He's the CEO of a publicly traded company who turnover close to record profits year on year, and has managed to protect the shareprice of the club. Ed Woodward is held accountable by the shareholders, and for the shareholders he's doing a good job.
Interesting. I work in Pre-Sales in the sports and entertainment industry, what company do you work for?
You should put this on Twitter/Instagram and then we all share the feck out of it. That's the kind of thing that actually would that cretin's attention.
Well no as it was well documented and constantly reported (and briefed from the club all summer) that we wanted to sign him.
We could have had Eriksen and Strootman for less than we paid for Fellaini.
Feel free
This is where I’ve gone wrong. I get very little out of my marriage that I’d classify as ‘high quality.’
I operate off the theory of operational excellence. Which requires similar understanding. That is that one needs to understand the processes, skills and structure which are essential to every aspect of the value chain, and be able to therefore identify potential problems in the chain before they arise, and deploy strategies to mitigate accordingly. Dependent on the complexity and breadth of your operation, will determine how granular your focus as a CEO can be. Your primarily limiting resource is time. It’s also goes back to balancing the exploitative and explorative functions of the organisation, as I said before. The CEO is one person whose mindset has to be ambidextrous, more than anyone else. That in itself is a huge challenge.
If you go back to a previous post I wrote, I put this:
I’ll PM you.
I am not arguing over performance or metrics here. Anyone with the most rudimentary understanding of finance can see Woodward has had little to do with our record profits he just lucked into the ceo post of one of the biggest clubs in the world just as the tv revenues started touching unbelievable heights.
You don’t know that at all. That’s a supposition on your part, and probably a wholly inaccurate one. If the club started losing money and value year on year, he’d probably be sacked. You are just trying to shoehorn your rage into a narrative that doesn’t really have any factual basis.
From a commercial relationship perspective, there is actually little to criticise Ed Woodward for. By all accounts it was his ability to get the Chevrolet deal over the line that lead to him being given the big job. He has also been at the club virtually since the Glazer take over. I think it is very unfair to discredit the man by claiming that he had nothing to do with our increased revenue and profits. In fact, it is arguable that his impact in that area of our club is the only reason he has retained his job. In fact, his exploitation of our onfield success has the most amount to do with record profits and I have very little doubt that he had some sort of input into the collective bargaining arrangement for that monumental tv deal.
He had early success and the Chevrolet deal he should get credit for. But the rest is just hype, something he seems to be very good at.
You need to understand that there is a market cap when it comes to overall spending power of sponsors when it comes to sponsorship deals. IE: the industry does not cater for huge increases in the market when it falls out of line with the existing relationships with other established brands. From a sponsorship perspective, why would I pay Manchester United 100 million a year for a shirt deal when the next best which is nearly as equally attractive, only receives 60 million. If you're running a commercial business, that is mind bogglingly stupid.
I don't understand what you are trying to say in the first para, I am giving woody full credit for the chevrolet deal, tells you how good a deal it was for us given chevrolet fired the guy who agreed it for them. I also understand that he isn't a djinn from a disney movie, there are practical limits to what growth he can achieve, my criticism is for the fact that he is hailed as some sort of a genius with sponsors what with the new mattress sponsors and Tyre sponsors and what not being announced every few months, the actual impact of these deals on utd's p&l seems negligible. Our sponsorship income in 2015-16 was 171.33 mn in 2018-19 it was 173.01 mn, hence my stagnation comment.
Every sponsorship deal has a value attached to it. Chevrolet perceived Manchester United jersey to be worth 50 million in the market in which the deal was agreed. Even now it is still one of the largest deals in sport ever for naming sponsorship. The market dictates the value of that 50 million that and it is highly unlikely that we will get another shirt sponsor that will double that or even increase the amount by 70% as Chevrolet did with Aon. More than likely we will see a 10 million pound increase p.a. over the existing deal from chevrolet.
Moyes has since admitted that was down to him. He was determined not to make Fellaini his first signing at the club because he knew the optics so we worked on other transfers over the summer but when they failed to materialise Moyes conceded that we would need Fellaini so we had to go back in for him and pay more than if he’d just grown some balls and signed him in the first place. Moyes has since been sacked.
Was Moyes in charge of United's money?
