RedTape and how it hurts business
- AKA "organizational drag"
Michael Mankins and Eric Garton, Bain & Company partners
- companies have established procedures to allocate financial capital, but nothing similar for human capital.
- "an organization’s most valuable resource is its people, specifically their time, talent, and energy. This resource is often squandered in attending pointless meetings, handling irrelevant e-mail, and following bureaucratic procedures. They classify all of these time sinks under the term “organizational drag.”
