Avoiding the quicksand: Ten techniques for more agile corporate resource allocation
Instill more flexibility into resource allocation to better meet the requirements for growth.
Author(s): Michael Birshan, Marja Engel, Olivier Sibony
Publisher: McKinsey Quarterly
Date of publication: 2013
Summary
Leaders are well-aware that, to nurture growth, you must know how to reallocate projects and resources according to changes in the context and priorities. Companies cannot remain dynamic while freezing their way of doing things. Yet, many become trapped by organizational inertia. They consequently tend to allocate more or less the same budget envelopes year after year to the same projects, processes and activities. The authors of this succinct and informative article identify a wide range of techniques to encourage bolder and more agile resource allocation.
Synopsis
This article is one of the sources used in Manageris’ synopses:
Base your strategy on your distinctive capabilities
The race for competitive advantage often leads to endless escalation. How can you break this cycle? One solution is to refocus your strategy on the specific capabilities that strongly differentiate your company.