2 Min Read
BOSTON (Reuters Life!) - The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review and HBR.org (http:\\www.hbr.org). Any opinions expressed are not endorsed by Reuters.
"More than half of CEOs reorganize their companies during their first two years on the job. For many, these re-orgs are a way to address breakdowns in execution and decision making. Yet, most re-orgs don't fulfill their intentions, and some make the situation worse. Instead of changing your company structure, consider doing one of these three things to address the issues that commonly spur re-orgs:
1. Define decision-making roles. Breakdowns in decision making can often be the result of confusing responsibilities. Simply clarifying who decides what and with whom can eliminate critical bottlenecks.
2. Improve information. Specify upfront what information is required to make a decision. Know what type of data will be most easily processed and digested.
3. Change the people. If the above two don't make things better, it may be that you have a talent issue. Be sure you have the right people in the right roles, and bring in new talent if you must."
- Today's Management Tip was adapted from "The Right Time to Re-Org" by Michael C. Mankins.