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According to MBO Partners, a support service for independent consultants, boomers are a fast growing sector of the independent workforce. In its 2012 Independent Workforce Index, MBO Partners estimates that boomers account for around a third of all independent consultants. Will they retire, work part-time or start new endeavors?
Because of my Institutional Investor ranking, and advances in technology that made virtual co-location possible, I was able to persuade Merrill Lynch to let me work out of my home in Boston. which MBO defines as an individual working 15+ hours per week whether as a freelancer, contractor, or owner of a micro-business.
Management by Objectives (MBO) became the height of corporate fashion in the late 1950s. Later, MBO evolved into strategic planning. In the face of relentless technological change, disruptive forces in industry after industry, global competition, and so on, planning seems like pointless wishful thinking.
Adapt to the new philosophy of the day; industries and economics are always changing. Eliminate MBO. It may be cliché to say that technology is changing our businesses today at a rapid pace, but that doesn’t mean it’s not true. Build quality into a product throughout production. Avoid numerical goals.
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