Management by consensus; Everyone has a veto; Film-timers are naysayers
Pros
If you are in the right "business" there is tremendous opportunity for growth and professional satisfaction. The pace is fast and you have to think on your feet. There is enormous executive management support for doing what is necessary; though read my caveat below. It is this do or die attitude that gets the right people motivated. I personally love my job though I have to spend a substantial amount of time pushing it past middle management.
Cons
Sometimes the head wants it but the body refuses to move - this is the problem at Eastman Kodak. Executive management has vision but middle-management, which is predominantly old Kodak, is a massive roadblock to success. The operating model is (and I don't say this lightly) "death by bureaucracy." Middle-management revels in intrigue and confusion. Executive management wants an asset light strategy; middle management wants to build factories [YESSSS], Executive mgmt wants to move to emerging markets; middle mgmt wants to be comfy in their HQ, executive mgmt wants outsiders; middle management makes sure outsiders are not successful. Executive mgmt wants a new direction; middle management wants to cover their past mistakes by doing the same thing. Executive management wants to think long-term; middle management wants it until their retirement. It is classic Washington. Kodak is one company that is squandering its cash (literally) on bureaucracy - Hello KKR!
