In order to be successful in the future we need to change our attitude towards work in general and management practices in particular; instead of working harder we should focus on working smarter, and do this by:
• Increasing the speed of decision-making. Decisions need to be made faster, even if not always 100% right, we need to take our decisions embedded in a lot of uncertainty under a volatile environment.
• Much slimmer structure around organizations, much more entrepreneurship and initiative taken by individuals.
• Shift from “power and status” to “ownership and achievement.”
• Seek for new ways of compensation and reward, with more participation in the risk of Profit & Loss with ALL levels of employees involved in the business structure, enhancing the opportunity of bigger pay-offs.
• Start to shift the term employee to business partner.
• Foster higher level of creativity and innovation among all key stakeholders and extended it to all parts of the company.
Wednesday, January 30, 2008
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