Management Lessons from the Great Explorers

The early explorers were the supreme users of management practices that have been formalized today. Management Lessons from the Great Explorers selects the most famous explorers to discuss and analyze the good and bad management practices they used before, during, and after their expeditions. The book helps managers to manage unexpected and potentially catastrophic risks, set goals that open up new horizons, communicate effectively with team members, lead teams through hardships and difficulties, and learn from experience.

Format: Paperback / softback
Length: 142 pages
Publication date: 21 February 2022
Publisher: Taylor & Francis Ltd

The early explorers, from the dawn of time to the early part of the last century, were the pioneers of management practices that we recognize today. Their expeditions showcased all the hallmarks of a business venture, including goal setting, strategic planning, resource allocation, risk management, talent retention, and competition management. These intrepid leaders encountered a myriad of challenges during their actual expeditions, ranging from small-scale setbacks to significant obstacles, which put their leadership skills to the test.

Similar to all projects and business endeavors, the expeditions achieved their goals, albeit partially or entirely. In some instances, they even surpassed their objectives or fell short entirely. This diverse range of outcomes reflects the inherent complexities and unpredictabilities of exploration.

Management Lessons from the Great Explorers delves into the lives and expeditions of the most renowned and, in some cases, controversial explorers. Each chapter offers a historical backdrop about a particular explorer, providing insights into their motivations, achievements, and challenges. The chapters then examine the challenges the explorers faced when planning and executing their expeditions, highlighting their successes and failures from a management perspective.

The book aims to equip managers with valuable tools and insights to navigate the complexities of modern business. By examining the management practices employed by the great explorers, managers can learn from their experiences, apply them to their own endeavors, and develop strategies for success. Some of the key lessons learned from the book include:

Learning from Experience: The great explorers were not afraid to make mistakes and learn from their failures. They embraced the opportunity to gain valuable insights and improve their strategies for future expeditions. Managers can apply this lesson by fostering a culture of continuous learning within their organizations, encouraging employees to share their experiences and learn from one another.

Having a Strong Sponsor and Team: The success of any expedition relies on the support and expertise of a strong sponsor and a cohesive team. The great explorers recognized the importance of building a strong team and leveraging the resources and expertise of their sponsors. Managers can apply this lesson by fostering a collaborative environment within their teams, encouraging open communication and teamwork, and seeking out partnerships and sponsors who can contribute to their success.

Relying on Data and Information: The great explorers relied on data and information to make informed decisions and manage risks. They collected and analyzed relevant information to make informed choices and mitigate potential risks. Managers can apply this lesson by developing data-driven decision-making processes, investing in data analytics and reporting tools, and seeking out external expertise and insights.

Applying Risk Management and Adapting to Change: Exploration is inherently unpredictable, and the great explorers were adept at managing risks and adapting to changing circumstances. They recognized the importance of risk management and developed strategies to mitigate potential risks. Managers can apply this lesson by developing risk management frameworks, identifying and assessing potential risks, and being prepared to adapt to changing market conditions and customer demands.

In conclusion, Management Lessons from the Great Explorers offers a unique perspective on management by examining the practices of the early explorers. By learning from their experiences, managers can develop strategies for success in today's complex and dynamic business environment. The book provides valuable insights and lessons that can help managers navigate the challenges of exploration, set goals that open up new horizons, communicate effectively with team members, lead teams through hardships and difficulties, and apply risk management and adapt to change.

Weight: 234g
Dimension: 162 x 230 x 15 (mm)
ISBN-13: 9780367464332