The average company loses more than 25 percent of its productive power to organization drag, reports the authors of the new book, Time, Talent, Energy: Overcome Organizational Drag and Unleash Your Team's Productive Power.
Organizational drag is all the practices, procedures, and structures that waste time and limit output.
Authors Michael Mankins and Eric Garton demonstrate in the book through in-depth examples how the best companies manage their people's time, talent, and energy with as much discipline as they do their financial capital to breakthrough organizational drag.
Unfortunately, organizational drag and complexity are the normal consequences of growth. Mankins and Garton explain that, "As organizations expand, they add new products, serve new customer segments, and enter new geographic markets. With each of these changes, the company becomes more complicated. Left unchecked, organizational drag slows decision-making, increases costs, and becomes the "silent killer" of profitable growth.
- To combat organizational drag the first step is to practice good talent management. You also need engagement and especially inspiration.
Divided into three sections, the book covers:
- Liberate the Organization's Time
- Simplify the Operating Model
- Find and Develop the "Difference Makers"
- Create and Deploy All-Star Teams
- Aim for Inspiration (Not Just Engagement)
- Build a Winning Culture
You'll also find a diagnostic test that will help you create a quick qualitative assessment of your organization's productive power, along with the factors that most affect it.
Is the book worth the read? You bet! The authors have found that the best managers of time, talent and energy are 40 percent more productive than the rest and consequently have profit margins that are 30 percent to 50 percent higher than industry averages.