Remove Bureaucracy Remove GDP Remove Innovation Remove Management
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Excess Management Is Costing the U.S. $3 Trillion Per Year

Harvard Business Review

Yet there’s compelling evidence that bureaucracy creates a significant drag on productivity and organizational resilience and innovation. By our reckoning, the cost of excess bureaucracy in the U.S. economy amounts to more than $3 trillion in lost economic output, or about 17% of GDP. Here’s the arithmetic.

Cost 8
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Stop Focusing on Profitability and Go for Growth

Harvard Business Review

times global GDP) to more than $600 trillion (9.5 times global GDP). Our models suggest that by 2025 global financial capital could easily surpass a quadrillion dollars, more than 10 times global GDP. Others reward easy-to-measure improvements in existing processes over less-easily-quantified innovations.

ROE 14
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Big-Project Engineers Have to Deal with Too Much Red Tape

Harvard Business Review

Cluster hammers had never been used to such depths — and never in Chile at all — but in a striking display of openness, the managers of the rescue operation tried the suggestion, which proved to be a key decision in bringing all 33 miners to safety. Innovation in Cities. Insight Center. Missing the forest for the trees.