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Summary

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.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2017 Bain & Company All rights reserved (P)2017 Audible, Inc.

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an excellent book

Loved it. the book is full of useful examples and case studies. highly recommend.
i will be listening to this book again...

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Profile Image for Ratnendu Mukherjee
  • Ratnendu Mukherjee
  • 20-08-17

A must read!

Great strategies for improving efficiencies, recruiting and retaining rare talent, and inspiring teams to accomplish audacious goals.

2 people found this helpful

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  • minimiri
  • 09-10-21

ok overall

maybe it's because I like the subject and have read a few books on this, but apart from a couple of good points this book didn't really add any new value to me.
The embellishment of the stories didn't really help either.

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Profile Image for Marcia Bent
  • Marcia Bent
  • 25-04-21

Excellent book!

This book covered all the challenges and questions that I had for growing and enhancing my team at the moment. It was an excellent book!

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Profile Image for Joao Paulo
  • Joao Paulo
  • 18-01-18

Excellent Guide

Excellent and practical guide for every company that wants high performance results! Strngly recommend to be used and studied profoundly.