Managing Your Scarcest Resources
Business leaders know that the key to competitive success is smart management of scarce resources. That's why companies allocate their financial capital so carefully. But capital today is cheap and abundant, no longer a source of advantage. The truly scarce resources now are the time, the talent, and the energy of the people in your organization--resources that are too often squandered. There's plenty of advice about how to manage them, but most of it focuses on individual actions. What's really needed are organizational solutions that can unleash a company's full productive power and enable it to outpace competitors.
Building off of the popular Harvard Business Review article "Your Scarcest Resource," Michael Mankins and Eric Garton, Bain & Company experts in organizational design and effectiveness, present new research into how you can liberate people's time, talent, and energy and unleash your organization's productive power. They identify the specific causes of organizational drag--the collection of institutional factors that slow things down, decrease output, and drain people's energy--and then offer a pragmatic framework for how managers can overcome it. With practical advice for using the framework and in-depth examples of how the best companies manage their people's time, talent, and energy with as much discipline as they do their financial capital, this book shows managers how to create a virtuous circle of high performance.
|Publisher:||Harvard Business Review Press|
|Product dimensions:||6.30(w) x 9.20(h) x 0.80(d)|
About the Author
Michael Mankins is a partner in Bain & Company's San Francisco office and the former head of the firm's Organization practice in the Americas. He is the author or coauthor of two books and numerous articles in Harvard Business Review and other leading publications.
Eric Garton, a partner in Bain & Company's Chicago office, has written and spoken widely on organizational issues. He leads the firm's global Organization practice and is a senior member of its Consumer Products and Industrial Goods & Services practices.
Table of Contents
Prologue: The Truly Scarce Resources 1
1 An Organization's Productive Power-and How to Unleash It 9
Part 1 Time
2 Liberate the Organization's Time 35
3 Simplify the Operating Model 57
Part 2 Talent
4 Find and Develop the "Difference Makers" 85
5 Create and Deploy All-Star Teams 117
Part 3 Energy
6 Aim for Inspiration (Not Just Engagement) 137
7 Build a Winning Culture 167
Epilogue: The Virtuous Circle 193
About the Authors 221
Most Helpful Customer Reviews
Excellent advice for minimizing the organizational drag! Great book with practical advice and recent research to develop solutions in organizations, so that they can implement their productive power and become a more competitive company. A few years ago a new perspective on company success has been emerging and the focus is now on staff as human capital, where it is intended that investing in its development will result in economic gains and benefits for the organization. That is why it is vital that they have a context and a culture of work that is adequate for them to give their best, to compromise and to put their talents at the service of the company, to be effective, efficient and motivated to invest their time, knowledge and skills. The authors provide valuable information to identify the causes that hamper the productive advance and diminish the performance of both the staff and the organization's operating model. Also, through examples, they give details for managers to implement actions and how to achieve the transformation of the company to minimize and manage the organizational drag. It is admirable the extensive work and the quality of the information that in this book put at our disposal and benefit. My gratitude to the Publisher and NetGalley for allowing me to review the book