“The risk for Australia is it’s a service-based economy and the next round of disruption is coming for professional services, like accountants, lawyers and wealth managers,”
Micharlel Ross, equity strategist at Goldman Sachs. (Fin review pg 16, 20-21 August 2016
An article by PWC that I found interesting
“by Eduardo Alvarez, Georges Chehade, Olaf Schirmer, Manish Mahajan
Published: June 29, 2016
Most large organizations struggle with bureaucracy, which can slow a company’s ability to respond to market changes and distract the company from building the differentiating capabilities it needs to grow. There is a clear need for a simpler and more aggressive approach to bureaucracy.
To address this problem, we have developed the Bureaucracy Measurement Index (BMI), a quantitative means to assess the level of bureaucracy within a company, compare it to benchmarks for that industry, and highlight problem areas.
The BMI breaks down all work that a company does into a hierarchy of processes and assigns a score to each. The score incorporates three elements:
Performance, defined as the efficiency and effectiveness by which the company can execute the process
Impact, defined as the relative weight of that process on the company’s overall mandate
Risk, defined as the probability of a negative event occurring due to process-related decisions”
link to the full article
“This deal shows exactly what’s wrong with big brands and innovation.”
Has Microsoft lost the ability tobinnovate internally?
This from the Australian today. regarding voting methods in annual meetings.
Organisations are :
Increasingly waving goodbye to the arcane practice that critics say disenfranchises major shareholders.
Switch out the word “shareholders” and switch in “stakeholders” for universal appeal.
(Can’t provide link to page 21 of The Australian as article by Andrew White is behind a paywall)
This article puts forward a perspective on the evolution of organisational paradigms. Emotive language aside, the description of an organ that is focussed beyond the shareholder, places responsibilities with empowered individuals and is responsive to customers and consumers is attractive to me.