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BY MACHAEL MANKINS, CHRIS BRAHM AND GREGORY CAIMI
INDEPENDENT STUDY III
HARVARD BUSINESS REVIEW MAY 2014
Organizational Resources
Examples of organizational resources
Men
Money
Materials
Technology
Equipment
Time
IT
Infrastructure
Information (what is going on) Most of the organizational resources have a specific
Knowledge (how things are done) way of managing like money by finance and
accounts time, materials by various teams, etc.
Most companies have elaborate procedures
for managing capital and generally need a
compelling case for any new investment. On
the contrary, an organizations time goes
largely unmanaged.
TIME IS THE MOST VALUABLE ASSET IN AN ORGANIZATION AND YET IT CONSISTENTLY GOES MISMANAGED BY EVEN THE BEST OF COMPANIES.
Provide feedback
Clearly delegate Establish
Standardize to manage
authority for time organization-wide
decision process organizational
investments time discipline
load.
Conclusion
Time is an organizational scarcest resource.
No amount of money can buy a a 24 hour day or reclaim an hour lost in an unproductive meeting.
Some forward-thinking companies have taken a different approach entirely and expect their leaders to
treat time as a scarce resource and to invest it prudently.
They bring as much discipline to their time budgets as to their capital budgets.
These organizations have not only lowered their overhead expenses; they have liberated countless
hours of previously unproductive time for executives and employees, fuelling innovation and
accelerating profitable growth.