Business And Financial Wisdom You Can Put To Work
Activities and resources
|Organized Links to Powerful Resources|
Bain & Company Assess
The Use Of Management Tools
Bain's 2015 Management
Tools survey offers a window into what companies around the globe
believe is important right now. They looked at how important the
following tools were to companies, and how satisfied they were with
In past reports, they have also provided the following great recommendations:
1. Get the facts. Every tool has its own strengths and weaknesses. To succeed, you must understand the effects (and side effects) of each tool, then combine the right tools in the right ways at the right times. Use the research. Talk to other tool users. Don’t naively accept hyperbole and simplistic solutions.
2. Champion enduring strategies, not fleeting fads. Managers who promote fads undermine employees’ confidence that they can create the change that is needed. Executives are better served by championing realistic strategic directions—and viewing the specific tools they use to get there as subordinate to the strategy.
3. Choose the best tools for the job Managers need a rational system for selecting, implementing and integrating the tools that are appropriate for their companies. A tool will improve results only to the extent that it helps discover unmet customer needs, helps build distinctive capabilities and helps exploit the vulnerabilities of competitors— or a combination of all three.
4. Adapt tools to your business system (not vice versa) No tool comes with prepackaged instructions and a guarantee. All must be adapted to a company’s particular circumstance.
|Corporate Memory Builders|
Communities of Practice
Insights and Know How
TeamStart Publishes Trusted Business and Financial Wisdom
TeamStart is a registered trademark owned by Info L inc. Copyright to articles indicated in article. The rest is copyright © 2016 Teamstart and Info L inc.