Product description
Managing Your Scarcest ResourcesBusiness 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.‘The authors suggest investing time as carefully as you invest money, and have concrete suggestions.’Business Traveller, February 2, 2017 by Tom Otley“If you are reading this during a meeting, you are not alone. Web browsing is just one example of dysfunctional meeting behaviour chronicled in Time, Talent, Energy. The book cites studies showing such distractions cause a fall in IQ twice as great as that achieved by smoking marijuana.”Financial Times“The book's great insight is that companies utilize a plethora of tools to manage money, and manage financials to the nth degree, but that approach is less successful than companies which put a greater focus on managing employee time, talent and energy.” Forbes“There are some good examples of successful companies and the strategies they have employed within these pages – not all of them well known – and some great quotes.” Business Traveller“Time, Talent, Energy hammers home the link between making better use of the hours at work and the Holy Grail of productivity. Mankins and Garton [point out] that time is just one component of human capital. Companies that effectively manage not just time but also their talent find themselves with the additional energy that is a crucial differentiator between them and their competitors... Quite simply, companies with inspired employees perform better than the rest.”Forbes.com
